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UNLOCKING the INCLUSIVE GROWTH STORY of the 21ST CENTURY: ACCELERATING CLIMATE ACTION in URGENT TIMES Managing Partner
UNLOCKING THE INCLUSIVE GROWTH STORY OF THE 21ST CENTURY: ACCELERATING CLIMATE ACTION IN URGENT TIMES Managing Partner Partners Evidence. Ideas. Change. New Climate Economy www.newclimateeconomy.report c/o World Resources Institute www.newclimateeconomy.net 10 G St NE Suite 800 Washington, DC 20002, USA +1 (202) 729-7600 August 2018 Cover photo credit: REUTERS/Rupak De Chowdhuri Current page photo credit: Flickr/Neil Palmer/CIAT Photo credit: Chuttersnap/Unsplash The New Climate Economy The Global Commission on the Economy and Climate, and its flagship project the New Climate Economy, were set up to help governments, businesses and society make better-informed decisions on how to achieve economic prosperity and development while also addressing climate change. It was commissioned in 2013 by the governments of Colombia, Ethiopia, Indonesia, Norway, South Korea, Sweden, and the United Kingdom. The Global Commission, comprising, 28 former heads of government and finance ministers, and leaders in the fields of economics, business and finance, operates as an independent body and, while benefiting from the support of the partner governments, has been given full freedom to reach its own conclusions. The Commission has published three major flagship reports: Better Growth, Better Climate: The New Climate Economy Report, in September 2014; Seizing the Global Opportunity: Partnerships for Better Growth and a Better Climate, in July 2015; and The Sustainable Infrastructure Imperative: Financing Better Growth and Development, in October 2016. The project has also released a number of country reports on Brazil, China, Ethiopia, India, Uganda, and the United States, as well as various working papers on cities, land use, energy, industry, and finance. -
WARWICK J. Mckibbin December 2015 Email
WARWICK J. McKIBBIN December 2015 Email: [email protected] Website: www.wjmckibbin.com Current Positions: Vice Chancellor’s Chair in Public Policy (ANU Professor 1993- ) and Director, Centre for Applied Macroeconomic Analysis (Nov 2014-), Crawford School of Public Policy in the ANU College of Asia and the Pacific; Other Affiliations: Non-Resident Senior Fellow and co-Director Climate and Energy Economics Project; & a scholar in the Centre on Social Dynamics and Policy; & a scholar in the Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution, USA, (1993- ); President, McKibbin Software Group Inc. (USA) (1990- ); Director, McKibbin Software Group Pty Ltd. (Australia) (1993- ); Director, EconomicScenarios.com Pty Ltd (2002- ). Education: PhD Economics, Harvard University, 1986; A.M. Economics, Harvard University, 1984; B.Comm. Joint Honours Class 1 in Economics and Econometrics, University of New South Wales, Australia, 1980; The Entrance High School, 1974. Awards: The Centenary Medal - “For Service to Australian Society through Economic Policy and Tertiary Education” (2003); Distinguished Fellow, Asia and the Pacific Policy Society (2012) Public Policy Fellow, ANU Public Policy Fellows Program (2012) Fellow of the Academy of Social Sciences, Australia, (1997); University Medal, University of NSW, Australia (1980). Paper on “Globalization and Disease” named as one of 50 Most Influential papers ever published by MIT Press Journals (2012) Research Interests: Fields - Economic modeling; macroeconomic policy, environmental -
Air Quality Co-Benefits of Renewable Energy Policy in the U.S. by Emil Dimantchev B.A. Mathematical Economics Colorado College (
Air Quality Co-benefits of Renewable Energy Policy in the U.S. by Emil Dimantchev B.A. Mathematical Economics Colorado College (2011) Submitted to the Institute for Data, Systems, and Society in partial fulfillment of the requirements for the degree of Master of Science in Technology and Policy at the MASSACHUSETTS INSTITUTE OF TECHNOLOGY September 2018 © Massachusetts Institute of Technology 2018. All rights reserved. Author.………………………………………………………………………... Institute for Data, Systems, and Society August 10, 2018 Certified by.…………………………………………………………………... Noelle E. Selin Associate Professor, Institute for Data, Systems, and Society Thesis Supervisor Accepted by.………………………………………………………………….. Munther Daleh Professor, Electrical Engineering and Computer Science Director, Institute for Data, Systems, and Society 2 Air Quality Co-benefits of Renewable Energy Policy in the U.S. by Emil Dimantchev Submitted to the Institute for Data, Systems, and Society on August 15, 2018 in Partial Fulfillment of the Requirements for the Degree of Master of Science in Technology and Policy Abstract Despite lawmaker interest in transitioning electricity systems toward renewable energy sources and in mitigating harmful air pollution, the extent to which sub-national renewable energy policies in the U.S. can improve air quality and human health remains unclear. This thesis develops a systemic modeling framework to assess the impacts of future renewable energy policy on air quality, as well as on the economy and on climate change, employing the framework of cost-benefit analysis. To model the chain of policy effects from impacts on the economy to power plant emissions, human health, and climate change, I integrate an economy- wide computable general equilibrium model, an atmospheric chemistry model, and methodologies for the economic valuation of health impacts. -
[email protected] Website
WARWICK J. McKIBBIN, AO, FASSA June 2019 Email: [email protected] Website: www.wjmckibbin.com Current Positions: Vice Chancellor’s Chair in Public Policy (ANU Professor 1993- ) and Director, Centre for Applied Macroeconomic Analysis (Nov 2014-), Crawford School of Public Policy in the ANU College of Asia and the Pacific; Other AFFiliations: Non-Resident Senior Fellow and co-Director Climate and Energy Economics Project; & a scholar in the Centre on Social Dynamics and Policy; & a scholar in the Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution, USA, (1993- ); Director of Research, McKibbin Software Group Pty Ltd. (Australia) (1993- ); Director, EconomicScenarios.com Pty Ltd (2002- ). Education: PhD Economics, Harvard University, 1986; A.M. Economics, Harvard University, 1984; B.Comm. Joint Honours Class 1 in Economics and Econometrics, University of New South Wales, Australia, 1980; The Entrance High School, 1974. Awards: Order of Australia – “For Distinguished Service to Education as an Economist, Particularly in the Area of Global Climate Policy, and to Financial Institutions and International Organizations” (2016); The Centenary Medal - “For Service to Australian Society through Economic Policy and Tertiary Education” (2003); Distinguished Public Policy Fellow, Economic Society of Australia (2017); Distinguished Fellow, Asia and the Pacific Policy Society (2012); Public Policy Fellow, ANU Public Policy Fellows Program (2012); Fellow of the Academy of Social Sciences, Australia, (1997); Fellow of the Australian Risk Policy Institute, Australia, (2016); University Medal, University of NSW, Australia (1980). Paper on “Globalization and Disease” named as one of 50 Most Influential papers ever published by MIT Press Journals (2012) Research Interests: Fields - Economic modeling; macroeconomic policy, environmental policy; demographic change; globalization and disease; the global economy. -
Economics in the Time of COVID-19 Economics in the Time of COVID-19
Economics in the Time of COVID-19 Economics in the Time of COVID-19 Edited by Richard Baldwin and Beatrice Weder di Mauro Centre for Economic Policy Research 33 Great Sutton Street A VoxEU.org Book London EC1V 0DX CEPR Press Tel: +44 (0)20 7183 8801 Email: [email protected] www.cepr.org CEPR Press Economics in the Time of COVID-19 CEPR Press Centre for Economic Policy Research 33 Great Sutton Street London, EC1V 0DX UK Tel: +44 (0)20 7183 8801 Email: [email protected] Web: www.cepr.org ISBN: 978-1-912179-28-2 Copyright © CEPR Press, 2020. Economics in the Time of COVID-19 Edited by Richard Baldwin and Beatrice Weder di Mauro A CEPR Press VoxEU.org eBook CEPR Press The views expressed in this book are those of the authors and not those of CEPR or any of the institutions with which the authors are affiliated. The editors would like to acknowledge the important and timely contribution of research assistance from Guilia Sabbatini and Anmol Kaur Grewal, together with Anil Shamdasani and Sophie Roughton’s hard work on production to enable this eBook to be produced so quickly. Centre for Economic Policy Research (CEPR) The Centre for Economic Policy Research (CEPR) is a network of over 1,500 research economists based mostly in European universities. The Centre’s goal is twofold: to promote world-class research, and to get the policy-relevant results into the hands of key decision-makers. CEPR’s guiding principle is ‘Research excellence with policy relevance’. A registered charity since it was founded in 1983, CEPR is independent of all public and private interest groups. -
Media & Hansard
9/22/2009 News: Australian Stock, Share & Com… Welcome to Trading Room. Skip directly to: Search Box, Section Navigation, Content, Text Version. NEWS | MYCAREER | DOMAIN | DRIVE | FINA NCE | MOBILE | RSVP | TRA VEL | WEATHER member centre | login Trading Room home page Economists air extreme views at stimulus inquiry Market watch top headlines Australian reports Aust markets: ASX expected to open lower Aust dollar report: $A opens flat after offshore session Aust credit close: Bonds close weaker World reports World commodities: Oil, gold and silver all down World markets: US and European stocks fall Stocks to watch PMV, TLS, RIO, QAN, BLD, AIO, MAP, MMX, PPX, GNS, CANBERRA, Sept 21 AAP September 21 2009, 6:06PM Senators heard both sides of the economic divide at an inquiry on Monday to determine whether the federal government's economic stimulus has worked and whether it should continue. Quizzing several academic economists, the inquiry heard that the stimulus was a waste of money, that the recession was a normal part of the business cycle and should have been left for the free market to resolve. It was also argued that the human tragedy would have been far worse without the billions of dollars stimulus, regardless of whether it results in higher interest rates and higher taxes. Indeed, one economist believed more money should be spent on lifting the unemployment benefit to stimulate the economy further. Prime Minister Kevin Rudd told CNN from New York where he is attending the United Nations General Assembly, before heading to G20 Leaders Meeting Pittsburgh later this week, that calls for an immediate withdrawal of stimulus from the global economy were "misplaced". -
The Many Benefits of a Carbon Tax
NEW SOURCES OF REVENUE AND EFFICIENCY Proposal 11: The Many Benefits of a Carbon Tax Adele C. Morris The Brookings Institution Deficit Reduction (10-year): $199 billion Broader Benefits: Reduces the buildup of greenhouse gas emissions; replaces command-and- control regulations and expensive subsidies with transparent and powerful market-based incentives; promotes economic activity through reduced regulatory burden and lower marginal tax rates. Introduction The Challenge This paper proposes introducing a modest carbon tax to finance The United States confronts serious policy challenges from reforms to the U.S. tax system to promote economic growth, an unsustainable budget deficit, a tax and regulatory system reduce budget deficits, reduce redundant and inefficient that most experts agree is inefficient, and the long-term threat regulation, reduce unnecessary subsidies, and reduce the costs from climate disruption. A carbon tax offers a policy that associated with climate change. The revenues from the new can help address all three challenges by combating climate levy could fund permanent reductions in more distortionary change, curbing the rising debt level, and helping achieve taxes on capital income while also contributing to deficit efficient reforms to current policies. reduction. And by providing simple, transparent, but powerful market-based incentives to reduce damaging greenhouse gas Climate change poses serious risks to both the environment (GHG) emissions, this levy could supersede the array of costly and the economy. Scientists project that, depending on future regulatory command-and-control approaches and expensive GHG emissions, by 2100 average global temperatures will be subsidies aimed at reducing dependence on fossil fuels and 2°F to 11.5°F higher than now (National Academy of Sciences promoting clean energy. -
Adopting Circular Economy Current Practices and Future Perspectives
Adopting Circular Economy Current Practices and Future Perspectives Future and Practices Current Economy Circular Adopting • Idiano D’Adamo Adopting Circular Economy Current Practices and Future Perspectives Edited by Idiano D’Adamo Printed Edition of the Special Issue Published in Social Sciences www.mdpi.com/journal/socsci Adopting Circular Economy Current Practices and Future Perspectives Adopting Circular Economy Current Practices and Future Perspectives Special Issue Editor Idiano D’Adamo MDPI • Basel • Beijing • Wuhan • Barcelona • Belgrade • Manchester • Tokyo • Cluj • Tianjin Special Issue Editor Idiano D’Adamo Unitelma Sapienza—University of Rome Italy Editorial Office MDPI St. Alban-Anlage 66 4052 Basel, Switzerland This is a reprint of articles from the Special Issue published online in the open access journal Social Sciences (ISSN 2076-0760) (available at: https://www.mdpi.com/journal/socsci/special issues/Adopting Circular Economy). For citation purposes, cite each article independently as indicated on the article page online and as indicated below: LastName, A.A.; LastName, B.B.; LastName, C.C. Article Title. Journal Name Year, Article Number, Page Range. ISBN 978-3-03928-342-2 (Pbk) ISBN 978-3-03928-343-9 (PDF) Cover image courtesy of Idiano D’Adamo. c 2020 by the authors. Articles in this book are Open Access and distributed under the Creative Commons Attribution (CC BY) license, which allows users to download, copy and build upon published articles, as long as the author and publisher are properly credited, which ensures maximum dissemination and a wider impact of our publications. The book as a whole is distributed by MDPI under the terms and conditions of the Creative Commons license CC BY-NC-ND. -
HHRG-115-IF03-TTF-Aldyj-20170329.Pdf
March 2017 JOSEPH E. ALDY ASSOCIATE PROFESSOR OF PUBLIC POLICY HARVARD KENNEDY SCHOOL John F. Kennedy School of Government Education: Doctor of Philosophy, Department of Economics, Harvard University, 2005 Master of Environmental Management, Nicholas School of the Environment, 1995 Bachelor of Arts, Duke University, 1993 Professional Experience: 2015-present Associate Professor of Public Policy Harvard Kennedy School 2009-2015 Assistant Professor of Public Policy Harvard Kennedy School (public service leave Jan 2009 – Dec 2010; paternity leave 2012) 2011-present Visiting Fellow Resources for the Future 2011-present Faculty Research Fellow National Bureau of Economic Research 2014-present Senior Adviser Center for Strategic and International Studies 2016 Visiting Scholar Kleinman Center for Energy Policy, University of Pennsylvania 2015 Non-Resident Fellow Center on Global Energy Policy, Columbia University 2015 Lone Mountain Fellow Property & Environment Research Center 2009-2010 Special Assistant to the President for Energy and Environment National Economic Council and Office of Energy and Climate Change, The White House 2005-2009 Fellow Resources for the Future 2007-2008 Adjunct Assistant Professor Department of Economics, Georgetown University 2008 Adjunct Professor Georgetown Public Policy Institute 2007 Lecturer 1 March 2017 Applied Economics Master's Program, Johns Hopkins University 1999-2000 Senior Economist for the Environment and Natural Resources Council of Economic Advisers, Executive Office of the President 1998-1999 Senior -
Managing Climate Risk in the U.S. Financial System
MANAGING CLIMATE RISK IN THE U.S. FINANCIAL SYSTEM Report of the Climate-Related Market Risk Subcommittee, Market Risk Advisory Committee of the U.S. Commodity Futures Trading Commission Commissioner Rostin Behnam, Sponsor Bob Litterman, Chairman To view individual subcommittee members’ concurring statements, if any, please see cftc.gov. Library of Congress Control Number: 2020915930 ISBN: 978-0-578-74841-2 This report is approved by the Subcommittee on Climate-Related Market Risk of the Market Risk Advisory Committee (MRAC). The views, analyses, and conclusions expressed herein reflect the work of the Subcommittee on Climate-Related Market Risk of the MRAC, and do not necessarily reflect the views of the MRAC, the Commodity Futures Trading Commission or its staff, or the U.S. Government. Reference to any products, services, websites, organizations, or enterprises, or the use of any organization, trade, firm, or corporation name is for informational purposes only and does not constitute endorsement, recommendation, or favoring by the U.S. Government. MANAGING CLIMATE RISK IN THE U.S. FINANCIAL SYSTEM Report of the Climate-Related Market Risk Subcommittee, Market Risk Advisory Committee of the U.S. Commodity Futures Trading Commission Commissioner Rostin Behnam, Sponsor David Gillers, Chief of Staff, Office of Commissioner Behnam Bob Litterman, Chairman Leonardo Martinez-Diaz, Editor Jesse M. Keenan, Editor Stephen Moch, Associate Editor Table of Contents Executive Summary ....................................................i List of Tables and Figures ...............................................xi List of Acronyms and Abbreviations ......................................xiii Foreword ..........................................................xvii Chapter 1: Introduction to Finance in the Face of Climate Change ................1 Chapter 2: Physical and Transition Risks in the Context of the United States .......11 Chapter 3: Implications of Climate Change for the U.S. -
[email protected] Website
WARWICK J. McKIBBIN, AO, FASSA September 2021 Email: [email protected] Website: www.wjmckibbin.com Current Positions: Distinguished Professor of Economics & Public Policy (ANU Professor 1993- ) & Director, Centre for Applied Macroeconomic Analysis (2003-2010, Nov 2014-), Crawford School of Public Policy in the ANU College of Asia and the Pacific; Director of Policy Engagement, and ANU Node Leader, ARC Centre of Excellence in Population Ageing Research (CEPAR) Affiliations: Non-Resident Senior Fellow and co-Director Climate and Energy Economics Project; & a scholar in the Centre on Social Dynamics and Policy; & a scholar in the Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution, USA, (1993- ); Research Fellow Centre for Economic Policy Research, London (2020-) Director of Research, McKibbin Software Group Pty Ltd. (Australia) (1993- ); Director, EconomicScenarios.com Pty Ltd (2002- ). Education: Ph.D. Economics, Harvard University, 1986; A.M. Economics, Harvard University, 1984; B.Comm. Joint Honours Class 1 in Economics and Econometrics, University of New South Wales, Australia, 1980; The Entrance High School, 1974. Awards: Order of Australia – “For Distinguished Service to Education as an Economist, Particularly in the Area of Global Climate Policy, and to Financial Institutions and International Organizations” (2016); The Centenary Medal - “For Service to Australian Society through Economic Policy and Tertiary Education” (2003); Distinguished Public Policy Fellow, Economic Society of Australia (2017); Distinguished Fellow, Asia and the Pacific Policy Society (2012); Public Policy Fellow, ANU Public Policy Fellows Program (2012); Fellow of the Academy of Social Sciences, Australia, (1997); Fellow of the Australian Risk Policy Institute, Australia, (2016); University Medal, University of NSW, Australia (1980). -
Carbon Pricing 101
Carbon Pricing 101 Strategies to put a price on global warming pollution Carbon Pricing 101 Strategies to put a price on global warming pollution Written by J. David Lippeatt, Frontier Group Andrea McGimsey, Environment America Policy and Research Center Matt Casale, U.S. PIRG Education Fund April 2021 Acknowledgments The authors wish to thank Susan Rakov, Tony Dutzik, James Horrox and Adrian Pforzheimer of Frontier Group for editorial support and Linus Lu, formerly of Frontier Group, for his contributions to this project. The authors also thank Professor Henry D. Jacoby, Co-Director of the MIT Joint Program on the Science and Policy of Global Change and Professor Emeritus at the Sloan School of Management at MIT, as well as Peter Vail Marsters, researcher and carbon tax expert at the Columbia University SIPA Center on Global Energy Policy, for their careful review of and improvements to the paper. The authors bear responsibility for any factual errors. Policy recommendations are those of Environment America Research & Policy Center and U.S. PIRG Education Fund. The views expressed in this report are those of the authors and do not necessarily reflect the views of our funders or those who provided review. 2021 Environment America Research & Policy Center and U.S. PIRG Education Fund. Some Rights Reserved. This work is licensed under a Creative Commons Attribution Non-Commercial No Derivatives 3.0 Unported License. To view the terms of this license, visit creativecommons.org/licenses/by-nc-nd/3.0. Environment America Research & Policy Center is a 501(c)(3) organization. We are dedicated to protecting our air, water and open spaces.