I agree in principle. But I have some important qualifications, and some suggestions for framing to broaden the appeal of the proposal substantially. I also think that individual rights may be better than a tax. What matters, really, is a carbon price, and there are different ways to bring that about. I don't want today to get in to the debate about climate science. How big of a problem is human released carbon and other greenhouse gasses? Are the big computer models accurate? I don't want today to debate the larger economic and policy questions: How much economic cost is there really? Are there mitigation strategies? Are there more pressing environmental or economic problems? (Species extinction due to habitat loss, old fashioned water and air pollution, etc.)
Too much of the policy discussion focuses on the scientific debate, as if the economic and policy answers follow unequivocably once that is settled. They are not. Let's talk about the second half today.
The paper aims to contribute to the longstanding technology-push vs. demand-pull debate and to the literature on renewable energy diffusion and renewable energy policy assessment. We argue that in addition to the traditional push-pull dichotomy, the drivers of technological change must be differentiated by whether they are exogenous or endogenous to the economic system. We maintain that a specific type of endogenous demand-pull mechanism (i.e. economic growth) is a major catalyst of environmental innovation. We apply this perspective to study the diffusion of renewable energy (RE) technologies in 15 European Union countries from 1990 to 2012. Applying different panel data estimators, we find that public R&D investments, policies supporting RE and per capita income all have a positive impact on RE diffusion, whereas the variability of policy support has a negative impact. However, we also find that economic growth is a stronger driver than either public R&D investments or policies supporting RE, and that models that do not take it explicitly into account tend to overestimate the importance of exogenous drivers. Most importantly, we note that the effect of economic growth on RE diffusion exhibits a nonlinear, U-shaped pattern that resonates with the well-known Environmental Kuznets Curve hypothesis. RE penetration remains negligible at low levels of growth whereas it increases sharply only after income per capita has reached a given threshold and the demand for environmental quality rises. Our findings have implications for policy making. They suggest that for RE diffusion to increase, government action should be directed not only at shielding renewables from competition with fossil fuel technologies but also at stimulating aggregated demand and economic growth.
James arrives from the University of Virginia’s Darden School of Business, where she taught leadership courses and led the school’s executive education programs as senior associate dean. Her time at Darden also included a stint as the school’s first associate dean of diversity, a role in which she fostered conversations about diversity in the classroom setting...
ECB officials could not have received better news today than what was announced in Zurich. But what about the Swiss domestic economy and stock markets – especially companies whose main business is exporting to the Euro area? Has the SNB done the correct thing?
Fotowatio Renewable Ventures (FRV) y el Banco Interamericano de Desarrollo (BID) subvencionarán una beca “Young Talent Leader” valorada en 120.000€ que permitirá a un alumno uruguayo excelente cursar sus estudios en IE University
A recent U.S. government study concluded, based on the results of three widely used economic impact models, that an additional ton of carbon dioxide emitted in 2015 would cause $37 worth of economic damages. These damages are expected to take various forms, including decreased agricultural yields, harm to human health and lower worker productivity, all related to climate change.
...study co-author Delavane Diaz, a PhD candidate in the Department of Management Science and Engineering at Stanford's School of Engineering...
their alternative formulation incorporated recent empirical findings suggesting that climate change could substantially slow economic growth rates, particularly in poor countries.
Apart from Nigeria, Auldon’s toys are now sought after in countries like South Africa, Ghana, Kenya, and some parts of Europe. Last year, Auldon launched the Unity Girl Dolls, a set of multi-cultural dolls clad in the traditional attires of Nigeria’s major ethnic groups. It has been a runaway success and a tremendous hit among Nigerian parents and their daughters.
Three hundred professors at Stanford, including Nobel laureates and this year’s Fields medal winner, are calling on the university to rid itself of all fossil fuel investments, in a sign that the campus divestment movement is gathering force.
In a letter to Stanford’s president, John Hennessy, and the board of trustees, made available exclusively to the Guardian, the faculty members call on the university to recognise the urgency of climate change and divest from all oil, coal and gas companies.
Campus divestment campaigns have spread to about 300 universities and colleges over the last few years, but are largely dominated by students. The Stanford letter was initiated by faculty, and signed by the first female winner of the prestigious Fields prize in mathematics, Maryam Mizarkhani, as well as the Nobel laureates Douglas Osheroff and Roger Kornberg, Paul Ehrlich, a population analyst, Terry Root, a biologist and UN climate report author, and others – 300 faculty members in total....
The university announced today (Jan. 8) that Scott C. Beardsley, who leads learning and leadership development at the prestigious management consulting firm, will succeed the highly successful Robert F. Bruner on Aug. 1.
Beardsley said in a statement. “I believe deeply in Darden’s values and its clear and focused mission to improve the world by developing responsible leaders and advancing knowledge...
If nations want even a 50 percent chance of avoiding dangerous global warming, they’ll need to keep more than 80 percent of current coal reserves in the ground. And in the United States, more than 90 percent of coal reserves would need to stay buried, according to a new study from University College London.
...In this new paper, published Wednesday by the journal Nature, researchers tighten the focus of this global carbon budget by breaking the global numbers into regional ones...
...In the Middle East, producers would have to forego 38 percent of their oil and 61 percent of their gas. China and India would close off 66 percent of their coal. Former Soviet states would keep 94 percent of their coal underground...
And, unfortunately, that’s the good news.
...The above estimates assume that power plants and industry will be able to capture and hide much of their carbon dioxide beginning in 2025. Without that rosy assumption, idled coal reserves jump to 95 percent in the U.S., 77 percent in China and India, and 97 percent in the former U.S.S.R. And these numbers may be the safer bet
Following the billionaire investor’s announcement at the Tony Elumelu Foundation headquarters in Lagos, Nigeria, on December 1st of his pledge of $100 million towards creating 10,000 entrepreneurs across Africa over the next 10 years; the annual program, the first ambitious undertaking of its kind, was opened for business ideas submissions and entries from applicants across Africa via its online application portal, TEEP.
In Winners Dream, Bill McDermott—the CEO of the world’s largest business software company, SAP—chronicles how relentless optimism, hard work, and disciplined execution embolden people and equip organizations to achieve audacious goals.
Growing up in working-class Long Island, a sixteen-year-old Bill traded three hourly wage jobs to buy a small deli, which he ran by instinctively applying ideas that would be the seeds for his future success. After paying for and graduating college, Bill talked his way into a job selling copiers door-to-door for Xerox, where he went on to rank number one in every sales position he held and eventually became the company’s youngest-ever corporate officer. Eventually, Bill left Xerox and in 2002 became the unlikely president of SAP’s flailing American business unit. There, he injected enthusiasm and accountability into the demoralized culture by scaling his deli, sales, and management strategies. In 2010, Bill was named co-CEO, and in May 2014 became SAP’s sole, and first non-European, CEO.
Colorful and fast-paced, Bill’s anecdotes contain effective takeaways: gutsy career moves; empathetic sales strategies; incentives that yield exceptional team performance; and proof of the competitive advantages of optimism and hard work. At the heart of Bill’s story is a blueprint for success and the knowledge that the real dream is the journey, not a preconceived destination.
“Paul Danos transformed Tuck’s faculty into a world-class academic powerhouse, built a gorgeous campus, raised a ridiculous amount of money, moved the school into the top of the rankings, and became the most trusted administrator at Dartmouth,” says Paul Argenti, a long-time Tuck professor of corporate communications. “We shall never see the likes of him again.”