The Best Climate Policy Puts Carrots Before Sticks
* opinion. Alas no, it's not.
Gernot Wagner is a climate economist at Columbia Business School.
Jan 16, 2025 Gernot Wagner notes that green technologies retain their many advantages, regardless of national political developments.
Nov 8, 2024 Gernot Wagner notes that the president-elect’s proposed policies will mainly harm America, not the global energy transition.
Aug 8, 2024 Monika Schnitzer & Gernot Wagner show how the sequencing of positive and negative inducements can make all the difference.
May 1, 2024 Alessio Terzi & Gernot Wagner show why shrinking the global economy, as envisaged by advocates of degrowth, is a bad way to cut emissions.
Apr 5, 2024 Gernot Wagner & Shang-Jin Wei explains why the United States and the European Union are considering tariffs – and why that’s a bad idea.
Less than two months into his second presidency, Donald Trump has imposed sweeping tariffs on America’s three largest trading partners, with much more to come. This strategy not only lacks any credible theoretical foundations; it is putting the US on a path toward irrevocable economic and geopolitical decline.