NEW YORK – Everyone needs a foil, and for many who are focused on climate and sustainability, economic growth – capitalism – is a convenient target. This is understandable. Economic expansion is the quintessential capitalist...
NEW YORK: Climate change is no longer a future problem. It is here, and the effects are all around. Worse, today’s extreme weather events are just a preview of the pain that awaits humanity in the coming decades, almost regardless of how fast...
NEW YORK: Everything from seat belts and condoms to health care and bank bailouts invites riskier behaviour, or what economists call “moral hazard.” Even the most justified and well-meaning policy interventions can have unintended...
NEW YORK : The collapse of Silicon Valley Bank last month seemed to bode ill for the global clean-energy race. Just as recently enacted US investment packages and the rest of President Joe Biden’s climate dreams were about to take off, the...
SHARM EL-SHEIKH: If there is one issue that has taken centre stage at this year’s United Nations Climate Change Conference (COP27), it is money. Delegates, climate activists, and the rapidly increasing number of private-sector attendees are...
NEW YORK: The United States has entered the clean-energy race in a big way with the Inflation Reduction Act (IRA) of 2022. Not only will the law subsidize US renewable-energy producers and consumers to the tune of $369 billion over ten years; it...
