Will the COVID-19 Pandemic Bring About Long-Term Societal Changes?

We have just released the newest episode of our podcast, “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.”  In this latest episode, I engage in a conversation with Scott Barrett, who – more than any other environmental economist I can name – is exceptionally well equipped, based on his research and experience, to reflect intelligently on the coronavirus pandemic, and public policies to address it.

Scott is the Lenfest-Earth Institute Professor of Natural Resource Economics at Columbia University, where he also serves as Vice Dean of the School of International and Public Affairs.  Readers of this blog will recognize Scott as one of the world’s leading authorities analyzing alternative approaches to addressing the threat of climate change through international treaties, but he has also written for more than a decade on an economic perspective on global infectious disease policy.

In addition to his scholarly work, Scott has served as an advisor to many international organizations, including the European Commission, the OECD, the World Bank, and the United Nations, and he and I worked together when we were Lead Authors of the Second Assessment Report of the Intergovernmental Panel on Climate Change.  Also, I’m very pleased to say that Scott has been a frequent participant in our programs and projects at Harvard, and has been my co-author on a number of occasions.

Scott Barrett, Ph.D. Lenfest-Earth Institute Professor of Natural Resource Economics Columbia University, New York

In this podcast episode, Professor Barrett assesses the massive global efforts underway to address COVID-19 and the potential impacts of the pandemic on our lives in the future.  He describes how COVID-19 will be a “persistent challenge” and will result in “fundamental changes in society.”   Turning to domestic U.S. policy, he comments that “what really stands out is the failure of the United States to be prepared.  It’s clear that our inability to do testing has really compromised the health and well-being of Americans.”  Calling it “an equitable scourge,” Scott notes that the pandemic is affecting people from all levels of income and wealth, and that “it’s in everyone’s best interest that we control it.”

Comparing the COVID-19 outbreak to the Plague in the 14th century and the Spanish Flu of 1918-19, Scott remarks, “I think this is going to have profound changes that will last at least a generation.  It’s hard to know exactly what those changes will be, but there will be changes in terms of how we understand our relationship with each other, to technology, to science, to government, to international institutions.  I think all of this is in play right now.”

All of this and much more is found in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.” Listen to this latest discussion here, where, by the way, you can also find a complete transcript of our conversation.

My conversation with Scott Barrett is the eighth episode in the Environmental Insights series.  Previous episodes have featured conversations with:

“Environmental Insights” is hosted on SoundCloud, and is also available on iTunes, Pocket Casts, Spotify, and Stitcher.

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A Blast from the Past: U.S. Climate Policy Then and Now

We have just released the newest episode of our podcast, “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.”  In this latest episode, I engage in a conversation with Joseph Aldy, my Harvard colleague, and an individual with considerable experience at multiple levels and capacities in the U.S. government, including in the White House during the Obama Administration, with the common theme in Joe’s government service being substantial focus on the economic dimensions of energy and environmental policy.

 

 

 

 

 

 

 

 

 

 

Joe is a Professor of the Practice of Public Policy at the Harvard Kennedy School, a University Fellow of Resources for the Future, and a Faculty Research Fellow of the National Bureau of Economic Research.  At Harvard, he is also the Faculty Chair of the Regulatory Policy Program in the Mossavar-Rahmani Center for Business and Government, a Faculty Fellow of the Harvard Environmental Economics Program, and co-founder with me – when he was working full-time at Resources for the Future – of the Harvard Project on Climate Agreements.

Professor Aldy worked in the White House during the first two years of the Obama Administration, helping direct the administration’s climate change policy while serving as Special Assistant to the President for Energy and Environment.  In this new podcast – which I very much hope you’ll check out – he remarks that, “the most challenging aspect of the job was recognizing that your to-do list at 7:30 or 8:00 in the morning may get wiped out by something unexpected that happens later that day.” As an example, he references the Deep Water Horizon oil spill in April 2010, which eventually resulted in new government regulations designed to reduce the risk of such accidents in future years.

In addition to reflecting on Joe’s experiences in the Clinton and Obama administrations, much of our conversation also touched on what can be expected from today’s international climate negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) and its Paris Agreement, and from the U.S. government today and in future years.

In the international domain, Aldy characterizes the Paris Climate Agreement of 2016 as providing a solid framework for significant international cooperation and progress.  “It says something that we have every country in the world or virtually every country in the world pledging to do something to reduce their emissions,” he says. “I think that is a great first step.”

Turning to domestic U.S. efforts to address climate change, Joe is considerably more skeptical, given the current political context:  “Until there are members of Congress or Senators who fear that by being silent on the issue or actively opposing taking action to combat climate change, until they see real political cost at the polls, I think it’s hard to imagine there being a bipartisan future.”

All of this and much more is found in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.” Listen to this latest discussion here, where, by the way, you can also find a complete transcript of our conversation.

My conversation with Joe Aldy is the seventh episode in the Environmental Insights series.  Previous episodes have featured conversations with:

“Environmental Insights” is hosted on SoundCloud, and is also available on iTunes, Pocket Casts, Spotify, and Stitcher.

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A Firsthand Account of European Carbon-Pricing Evolution

We have just released the newest episode of our podcast, “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.”  In this latest episode, I engage in a conversation with Jos Delbeke, currently a professor at the European University Institute in Florence and at the KU Leuven in Belgium.

Professor Delbeke is probably best known for his long service at the European Commission, including as Director-General of the Commission’s DG Climate Action from its creation in 2010 until 2018.  Even before that, he was very heavily involved in the development and implementation of the European Union Emissions Trading System (EU ETS), and for several years was the European Commission’s chief negotiator at the United Nations Framework Convention on Climate Change (UNFCCC) Conferences of the Parties. 

 

 

 

 

 

 

 

 

 

 

In this new episode of our monthly podcast, Jos Delbeke recounts the evolution of carbon pricing in Europe and around the world, and comments on the current state of international climate change negotiations.  You can listen to the interview here.

Recalling his early days working on climate policy in Europe, Delbeke says that “emissions trading was an alien idea at that time … As an economist, I followed very much how the United States was developing the sulfur experiment.”

Delbeke maintains that the EU-ETS has been very successful.  “The latest statistics show that between 2005 when we started, and today … the emissions reduction is 29%, and that is for all the installations in Europe, all big installations, and the energy and the manufacturing industry.  So, 29% down in less than 15 years, I think is quite remarkable when we compare it to emissions from transport that are roughly 20% up,” he states.

Delbeke believes that the emerging Chinese ETS could be transformative in the global effort to combat global warming.  “Once the Chinese have their act together, I think that may serve as a source of inspiration for a lot of other nations,” he says.

Delbeke’s interview is the fifth episode in the Environmental Insights series.  Previous episodes have featured conversations with:

“Environmental Insights” is hosted on SoundCloud, and is also available on iTunes, Pocket Casts, Spotify, and Stitcher.

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