We environmental economists have long advocated carbon taxes as the fastest and most efficient way to reduce greenhouse-gas emissions from cars and power plants and prevent catastrophic global warming later this century. But carbon taxes can be politically problematic. Witness recent events in France where efforts by the government to increase fuel taxes triggered weeks of … [Read more...] about Can We Reduce Emissions While We Wait for a Carbon Tax?
Environment and Climate Change
Latin Americans enthusiastically backed Pope Francis when in June 2015 he published Laudato Si, his encyclical warning that global warming was "one of the principal challenges facing humanity." Governments in the region at the time were preparing to play a leading role in the United Nations climate summit later that year in Paris. Ordinary citizens meanwhile were becoming … [Read more...] about Can Latin American Citizens Change Climate Policy?
When residents of the Caribbean think of hurricanes, like Irma and Maria that whipped through the region last fall, they think not only of the loss of hundreds of human lives and homes, but of the widespread destruction of tourism assets like hotels, yachts and coral reefs. And they fear that the devastation is just a preview of what is to come. Tourism is the lifeblood of the … [Read more...] about Facing Climate Change’s Threat to Caribbean Tourism
They have set off a surge in bike riding, sparked explosive investment, and helped cut air pollution and carbon emissions. But the "dockless" -- or stationless -- bikes that have transformed China's cities also have come with significant social and economic costs. As Latin America prepares to embrace them, it would do well to take heed. That day is coming sooner than later. … [Read more...] about China’s Dockless Biking Boom and the Lessons for Latin America
To stabilize climate change, we need to get to zero net carbon emissions by the end of the century. A key question then for policymakers is when and how to reduce emissions. Imagine you are a policymaker, and you have two options for reducing emissions. Energy efficiency measures in the building sector (LED lights instead of light bulbs, better thermal insulation) can reduce … [Read more...] about Climate Policy: When the Expensive Options Make Sense