Oct 05 2023 33 mins
There are two major economic measures to reduce carbon emissions of energy system, carbon pricing and industrial policy. Which one is better to deliver climate targets? What do the historical experiences of both emission trading systems and industrial policy in the E.U., China and the U.S. tell us? When competition rather than cooperation becomes the keyword in the new world economic order, will the Race to the Top industrial policy have a better chance to cut the global carbon emissions by nearly half against the levels of 2020 by 2030? What can we learn from the argument that climate change is far from an existential crisis and the unprecedented economic achievements across the world in the past seven decades have built up human capacities to adapt to climate change? On today’s episode, I have a conversation with David Driesen, a law professor from Syracuse University.