While carbon pricing and industrial policies may have enabled policymakers in the United States and Europe to avoid difficult political choices, we cannot rely on these tools to achieve crucial climate goals. Climate policies must move away from focusing on green taxes and subsidies and enter the age of politics.
explains why achieving climate goals requires a broader combination of sector-specific policy instruments.
The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels, deglobalization, and populist pressures will keep rates higher for the next decade than they were in the decade following the 2008 financial crisis.
thinks that policymakers and economists must reassess their beliefs in light of current market realities.
伦敦-在布鲁塞尔美术馆有一幅出自布拉格(Brueghel)的非凡画作,英国诗人W.H.奥登(W.H. Auden)对其印象非常深刻,甚而为它赋诗一首。
这幅画表现的是翅膀被烧焦的伊卡洛斯一头扎进水底溺死,但是周围似乎没人对此感兴趣的场景。在伊卡洛斯葬身鱼腹的时候,这个世界照旧运转,农民继续耕耘他们的田地,继续他们的生活,他们对于伊卡洛斯的猝然坠落毫无兴致。
现实生活似乎经常也是如此,人们对于头条新闻和重大事件都漠不关心。乔治·布什总统将于今年年底回到德州的克劳福德老家。有人会注意此事吗?还会有人对此关心吗?从伊拉克到关塔那摩,布什的羽翼已经被烧焦,他似乎已经成为昨日黄花;在公开场合,他的助手们不得不精心安排观众坐在前排,以免人们对其言行缺乏兴趣的事实表现得过于明显。
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