The Right Green Industrial Policies
Although ending the mispricing of carbon would be the best way to address climate change, most governments prefer to rely on subsidies and regulations that increase the profitability of investments in renewable energy. Better that than taxing foreign green industries or restricting their market access.
MÁLAGA, SPAIN – The future of our planet depends on the world economy’s rapid transition to “green growth” – modes of production based on clean technologies that significantly reduce emissions of carbon dioxide and other greenhouse gases. Yet carbon remains badly mispriced, owing to fossil-fuel subsidies and the absence of tax revenues needed to address the global externalities of climate change.
MÁLAGA, SPAIN – The future of our planet depends on the world economy’s rapid transition to “green growth” – modes of production based on clean technologies that significantly reduce emissions of carbon dioxide and other greenhouse gases. Yet carbon remains badly mispriced, owing to fossil-fuel subsidies and the absence of tax revenues needed to address the global externalities of climate change.