Predictions for 2023
Project Syndicate
Columns
My monthly, globally syndicated column for Project Syndicate, translated into a dozen languages, and my earlier bi-weekly Risky Climate column for Bloomberg Green.
The Case for Mandating Climate-Risk Disclosure
The US Securities and Exchange Commission is considering a proposal to require some companies to disclose information relating to the risks they face from climate change. But the agency is coming under pressure to scrap or water down the proposal because of a recent Supreme Court decision.
Who Pays for Climate Change?
In the face of a massive financing gap for climate-change mitigation and adaptation in developing countries, everyone accepts the need for more "creative" measures to unlock and redirect private capital. But proposals like carbon credits must be understood merely as stepping stones, rather than as lasting solutions.
Some Green Technologies Are More Equal Than Others
With more governments embracing industrial policies to transform their economies, picking the right technologies to subsidize will become a key challenge. To navigate the minefield of entrenched interests, techno-hype, and political pressures, policymakers must embrace a mix of openness and caution.
The High Stakes of Climate-Risk Accounting
Although businesses and investors stand to make a lot of money if they can properly navigate the new risk environment, no one seems to have a good explanation for why we are where we are. Climate risks, in particular, have been systematically underestimated, and thus mispriced, for decades.
The Next Step on Climate Action: Parking Reform
California is finally poised to lift parking requirements across the state. Here’s why that would be a huge win for the climate.
The Clean-Energy Race Is On
While no legislation is perfect, the US Inflation Reduction Act of 2022 will be a game changer for the transition to clean-energy sources, both in America and around the world. By doubling down on forward-looking industrial policy, the US is suddenly poised to give Europe, China, and others a run for their money.
Transatlantic divergence
U.S. and European companies vulnerable to the clean energy transition have seen their stock prices go very different ways since Russia invaded Ukraine.
Zoning for emissions cuts
Building dense, mixed-use and largely car-free neighborhoods cuts carbon — and the benefits don’t stop there.
The heat-pump fix
To ditch fossil fuels for good, we must combine a range of technologies and approaches.