Europe’s Electric Straitjacket |
MADRID – For over three decades, the European Union’s climate policy has been shaped by a simple conviction: the faster we replace fossil fuels with clean alternatives, the better our chances of stabilizing the planet’s climate. The logic remains sound. But the way it is translated into policy leaves much to be desired, with EU institutions building regulatory frameworks around a single technological solution – electrification – at the expense of diversity, innovation, and resilience. Because of what Columbia Law School’s Anu Bradford calls the “Brussels Effect,” this ends up shaping decarbonization strategies worldwide.
Anadolu/Getty Images Economics 1Make Russia Pay for Its War on Ukraine
Joseph E. Stiglitz & Andrew Kosenko explain why it is in Europe's interest to mobilize frozen Russian assets to ensure Ukraine's survival. Win McNamee/Getty Images ........