The Right Incentives for Climate Action |
SÃO PAULO—As wars reshape global energy markets, short-term priorities—from securing fossil-fuel supplies to subsidizing energy consumption—are increasingly clashing with long-term decarbonization goals. After Russia’s full-scale invasion of Ukraine, Europe scrambled to find alternative sources of liquefied natural gas, boosting investment in new fossil-fuel infrastructure. The closure of the Strait of Hormuz has led other countries, such as those around the Atlantic Basin, to expand domestic oil and gas production.
Jason Fochtman/Houston Chronicle via Getty Images Innovation 2 The Tech-MAGA Breakup Is Coming Stephen Holmes thinks the deepest fissure opening up in Donald Trump’s political base runs through the US electrical grid.
The Tech-MAGA Breakup Is Coming
ismagilov/Getty Images Longer Reads 10 The Mismeasurement of Europe’s Productivity Philippe Aghion, et al. The recent claim by a leading economist that the productivity gap between Europe and the US is a statistical mirage is demonstrably wrong. It is also dangerous to the extent that it lends support to those who claim that no major change in European growth and innovation policy is required. rebut the Nobel laureate economist Paul Krugman's recent claim that the gap with the US is a statistical mirage.
The Mismeasurement of Europe’s Productivity
The recent claim by a leading economist that the productivity gap between Europe and the US is a statistical mirage is demonstrably wrong. It is also dangerous to the extent that it lends support to those who claim that no major change in European growth and innovation policy is required.
Ronny Hartmann/AFP via Getty Images Economics 1 Why Isn’t Europe Poorer Than the US? Dalia Marin Nobel laureate Paul Krugman has a point when he says that European living standards have largely kept pace with those in the US, despite flagging growth and innovation. But this will not remain true indefinitely: restoring Europe's ability to compete at........