Market-based solutions to climate change have failed to deliver

12/21/20 • 24 min

Dollar & Sense: The Brookings Trade Podcast

Carbon pricing systems have been celebrated as instruments for combatting climate change, but how effective are they really? David Victor, co-chair of the Cross-Brookings Initiative on Energy and Climate, joins David Dollar to explain why market-based solutions for addressing climate change have fallen short of their promise. Victor examines how politics have hampered the effectiveness of market policies in key sectors, like transportation and aviation, and the political barriers the Biden administration will need to overcome in order to make real progress on climate change.

Previous Episode

How can Biden fulfill his ‘Build Back Better’ agenda?

President-elect Biden will face a myriad of economic challenges when he is inaugurated next month, including a pandemic that continues to spread and unemployment numbers that remain high. Jason Furman joins David Dollar to discuss how this crisis differs from the economic issues Biden faced in 2009, what should be prioritized in a short-term stimulus package and long-term reforms, and to what extent policymakers should worry about the federal debt when designing fiscal relief.

Next Episode

John R. Allen on restoring American leadership in 2021

From technology competition to the global rise of illiberalism, the United States will face numerous foreign policy challenges in the year ahead. John R. Allen, a retired U.S. Marine Corps four-star general and president of the Brookings Institution, joins David Dollar to discuss those challenges and how the new administration can work with America’s allies to meet them.

Dollar and Sense is a part of the Brookings Podcast Network. Send feedback email to [email protected], and follow us at @policypodcasts on Twitter.