A thread on how policy can accelerate the pace of progress towards a low-carbon #energy system commensurate with the threat posed by #climatechange...
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The IPCC report on holding global warming to 1.5°C released Sunday calls for it. A share of the Nobel in Economics was awarded to William Nordhaus this week for championing it. It's arguably the most efficient and powerful climate policy available.
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As an economist might say (see rodrik.typepad.com/dani_rodriks_w…), we live in a "second best" world.
I discuss this in depth in two previous papers (here bit.ly/PoliticalConst… & here wider.unu.edu/publication/ca…) and summarize the key argument below...
I'll keep this updated, so if you have suggestions, please message me.