economics

The Economic Theory That Could Fuel a Climate Change Revolution

The Economic Theory That Could Fuel a Climate Change Revolution

Addressing climate change will require massive investments in everything from shoring up dams that aren’t ready for future rainstorms to wind farms and workers. It’s a huge shift that will require reorienting the economy and the way the world works.

We May Have Been Thinking About A Carbon Price All Wrong

We May Have Been Thinking About A Carbon Price All Wrong

Putting a price on carbon is a key element of climate policy. The idea is simple: Carbon pollution is making the Earth uninhabitable, but companies have no incentive to stop polluting because they’re sociopathic. So slap a fee on every ton emitted, and it should (in theory) cause companies to…