Must-read: Adair Turner: “Facing Up to Climate Reality”

Must-Read: Adair Turner: Facing Up to Climate Reality: “Achieving a low-carbon economy is essential…

…new technologies make that goal attainable at an acceptable cost; but technological progress alone will be insufficient without strong public policies…. The climate agreement reached in Paris last month represents a valuable but still insufficient response…. Wind energy is now cost-competitive in many locations, and the costs of solar energy continue to plummet–down around 70% since 2008. Rapid cost reductions are also being achieved in battery and other energy-storage technologies, bringing electric cars closer to economic viability and enabling flexible electricity supply even where a large percentage of power comes from intermittent sources…. Strong public-policy interventions are… essential to support an adequately fast energy transition that is as cost efficient as possible…

January 12, 2016


Brad DeLong
Connect with us!

Explore the Equitable Growth network of experts around the country and get answers to today's most pressing questions!

Get in Touch