Climate change is both predictable and unpredictable. We don't need certainty to know it's a crisis
The next climate disaster is sure to come. When and where is the question

The next climate disaster is sure to come. When and where is the question
Combining public priorities with private investments is the key to climate action – but speed is of the essence
Financial Times business school teaching case study
Financial Times business school teaching case study
Although US President-elect Donald Trump and his fellow Republicans give climate advocates plenty to worry about, all hope is not lost. Clean-energy technologies still have decisive physical advantages over the alternatives, and economic common sense will eventually win out.
On climate and especially environmental policy, the return of Donald Trump to the White House is clearly bad news. But the outlook is uncertain, because Trump has sent mixed signals about the kinds of policy changes he might pursue, and it remains to be seen what effect he can have on broader technological and market trends.
Financial Times business school teaching case study
The Austrian capital has been spared the worst of recent flooding. Its experience could be a lesson in how to tackle the climate crisis
Es gibt handfeste Gründe dafür, effizienten Technologien zum Durchbruch zu verhelfen.
Economists have long insisted that the only way to cut emissions of carbon dioxide and other greenhouse gases rapidly and at scale is to put a price on them. But while that is true, the key to a successful, politically sustainable climate policy is to ensure that the benefits precede the costs.
Going, Going, Gone?
While the broader Inflation Reduction Act will substantially cut carbon emissions, the new tariffs on Chinese EVs will have the opposite effect. They risk derailing the transition to EVs, and they pit U.S. middle-class consumers against auto workers and shareholders.
Improving energy efficiency is not enough for advocates of degrowth, who espouse energy sufficiency as the best way to fight climate change. But their argument is absurd: using limited inputs more efficiently is the definition of economic productivity – which, in turn, boosts growth.
While the availability of cheap electric vehicles is good news for the planet and for consumers everywhere, it is bad news for shareholders and employees of Western car companies, and both the United States and Europe are considering imposing import tariffs on Chinese EVs. But tariffs are the wrong approach.
Even if Donald Trump defeats President Joe Biden and tries to take a wrecking ball to US climate and environmental policies, he ultimately would be powerless to derail the inevitable renewables revolution that is gaining momentum worldwide. His anti-climate agenda would be another wall that never gets built.
And the U.S. Inflation Reduction Act is surprisingly well-designed to deal with the fallout.
Given that this year’s United Nations Climate Change Conference was hosted by a petrostate and led by a fossil-fuel CEO, climate campaigners understandably had low expectations. Yet the summit did deliver some new commitments, and there is good reason to think that they are more than just empty words.
It is both technically possible and economically feasible to eliminate almost all the carbon dioxide from iron and steel production by mid-century, thus cleaning up an industry that accounts for 10% of global emissions. But progress will not happen without a concerted policy push.
With China’s economic growth slowing at the same time that its emissions continue to rise, it is clear that its carbon-intensive investment model has run its course. Chinese leaders urgently need to follow advanced economies in shifting toward greater domestic consumption and reduced energy demand.