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The Right Institutions for the Climate Transition

Although global climate commitments are important, they will not amount to much without the institutional foundation that the transition to a zero-carbon economy needs. That will require innovation and experimentation at all levels of governance, where the focus should be on expanding participation.

LONDON – At the United Nations Climate Change Conference in Glasgow (COP26) last week, I joined a panel with leading national politicians, including Scottish First Minister Nicola Sturgeon and Spanish Minister of the Ecological Transition Teresa Ribera, to discuss how we can get serious about the green economy. As the overwhelmingly male world leaders tussled over commitments, postures, and pledges – what Swedish climate activist Greta Thunberg memorably dismissed as more “blah, blah, blah” – our all-women panel focused on the substantive question of what new tools and institutions the world will need in order to decarbonize.

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