Nightmare Climate Scenarios
The economist Martin Weitzman got scientists and politicians to think about the worst-case outcomes of global warming. We’re seeing them happen right now.
My columns, essays, books, as well as research and teaching materials like case studies.
The economist Martin Weitzman got scientists and politicians to think about the worst-case outcomes of global warming. We’re seeing them happen right now.
The rapidly dropping price of solar power has transformed how we think about clean energy. But it needs to still get a whole lot cheaper.
With its fixation on equilibrium thinking and an exclusive focus on market factors that can be precisely measured, the neoclassical orthodoxy in economics is fundamentally unequipped to deal with today's biggest problems. Change within the discipline is underway, but it cannot come fast enough.
Research into unproven technofixes isn’t a replacement for eliminating emissions, even if the debate over geoengineering is stuck on that concern.
There is plenty of debate and acrimony, but there is indeed debate about policy solutions.
After a week when three oil giants were forced to face climate urgency, a guide to what concrete change might look like.
The green transition comes with costs; but they are well worth it, and they pale in comparison to the costs of inaction. The ever-falling costs of renewables have not eliminated the politics of climate change. But they certainly have made our choices much easier.
It’s easy to see why infrastructure spending would cut emissions, while creating jobs. Carbon taxes appear to do the same.
Assessing tariffs based on the carbon content of goods is complicated, but will lead to stronger climate policy and better economic outcomes.
Jobs vs. environment is an old trope whose time has passed.
The science is ripe to update estimates of CO2 emissions costs. Calls to scrap the calculation are misguided.
To assess the effectiveness of climate policies, don’t look at today’s CO₂ emissions, instead focus on the trajectory.
The American Petroleum Institute is considering endorsing a carbon price. That’s a big shift, but a carbon price alone is not good climate policy.
Im Einfamilienhaus leben zu wollen, ist eine gesellschaftliche und psychologische Entscheidung – mit einer schlechten Klimabilanz. Ein radikales Umdenken ist notwendig.
by Gernot Wagner, David Anthoff, Maureen Cropper, Simon Dietz, Kenneth T. Gillingham, Ben Groom, J. Paul Kelleher, Frances C. Moore, and James H. Stock
The U.S. is updating a number with the potential to push federal regulations into overdrive.
Climate change mitigation became an economic positive
The Biden administration should look to states as a laboratory for innovative climate action.
Science-based regulatory policies and a White House climate office could help counteract warming, no legislation required.
Instead of narrowly addressing carbon pricing, as economists have traditionally favored, the proposal has many aims