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US President Joe Biden's administration has embarked on a bold and long-overdue departure from the economic policy orthodoxy that has prevailed in the US and much of the West since the 1980s. But those who are seeking a new economic paradigm should be careful what they wish for.
explains why the last thing the world – or the economics profession – needs is a new ossified orthodoxy.
With national climate commitments and a renewal of multilateralism both gaining momentum, there is a unique opportunity to forge a global consensus on issues such as carbon pricing, the green transition, and sustainable finance. In each case, the European Union offers a promising model for others.
sees an opportunity for an international agreement to set investment standards for the green transition.
As one of the world's leading exporters of natural gas, Norway faces a unique challenge in a world that is increasingly moving away from fossil fuels. The country has all the financial, technological, and human resources it needs to thrive in a decarbonized future; what's missing is policy leadership.
explain how the country can use its oil wealth to lead, rather than undermine, the clean-energy transition.