Podcast
The Ezra Klein Show
The host said the book summed up scholarship and realworld experience with marketbased climate tools and offered recommendations for designing targeted policies and industrial programs like those in the Inflation Reduction Act.
The first is Making Climate Policy Work by Danny Cullenward and David Victor, which explores the political economy and really real world history and experience of using marketbased instruments like ca...
— Episode: The Single Best Guide to Decarbonization...
Episode: The Single Best Guide to Decarbonization I’ve Hear...
The host said the book summed up scholarship and realworld experience with marketbased climate tools and offered recommendations for designing targeted policies and industrial programs like those in the Inflation Reduction Act.
The first is Making Climate Policy Work by Danny Cullenward and David Victor, which explores the political economy and really real world history and experience of using marketbased instruments like carbon taxes or emissions cap and trade programs to try to tackle climate change.
I think the book does a really good job of summarizing both a range of scholarship and the kind of real world experience that we've gotten in the few places that have succeeded in implementing carbon pricing to show how political constraints inevitably make them far less effective than ideally they are, and they offer some useful recommendations on how we can design targeted policies and regulations, including industrial policies like those in the Inflation Reduction Act, to try to unlock progress over time.