In The News

China Is the De Facto Leader of Globalization

Nathan Gardels January 13, 2017
China is preparing to take a leading role on the world stage as the US president-elect dismisses worries about climate change and the benefits of globalization. The rhetoric about an “America first” policy suggests that the United States could reverse US stances on global trade and climate change. Europe is in disarray, too. Some world leaders are avoiding the World Economic Forum in Davos this...

Ignoring Climate Change Just Got More Expensive

Eric Roston December 28, 2016
The costs of climate change – maintaining and insuring infrastructure, industry preparation, property damages and losses – are climbing. William Nordhaus of Yale University has updated his model for studying the effects of climate change on the global economy in an “era of minimal climate policies.” In short, the world is not doing enough to stem or prepare for climate change. “Even after...

Korea Unveils Road Map to Curb Carbon Emissions

Shin Hyon-hee December 6, 2016
South Korea has released a detailed action plan to reduce carbon emissions and “boost incentives for renewable energy and cleaner power plant projects,” reports Shin Hyon-hee for the Investor. “It intends to raise the share of renewable sources in its portfolio to 7 percent from the existing 6 percent by 2020.” The country anticipates global discussions on international mechanisms including...

How Important Is NASA's Earth Science Program That Trump Wants to Abolish?

Brenda Ekwurzel December 5, 2016
US President-elect Donald Trump campaigned to reduce debt and the size of US government and also dismissed concerns about climate change. Analysts anticipate he will eliminate NASA climate programs including the Gravity Recovery and Climate Experiment satellite, GRACE, and funding for university earth science research. Such programs are multi-functional and ultimately apply science for the...

The Problem with Abandoning the Paris Agreement

Robinson Meyer November 30, 2016
If the United States unilaterally withdraws from the Paris climate agreement, the nation can expect immediate diplomatic consequences. Foreign policy experts warn that such a move could create an opening for China to take leadership on climate-related issues and perhaps even profit from development of alternative energies. Observers cannot anticipate the Trump administration’s foreign policy, but...

Trump Gives Carbon Price Foes New Line of Attack

Aaron Wherry November 17, 2016
US President-elect Donald Trump described climate change as a “hoax” for US businesses and promised to repeal environmental regulations and to withdraw from the Paris climate agreement. China has since offered the reminder that the United States supported UN deliberations on a warming planet during the Reagan administration well before China knew such negotiations were underway. Canada and other...

Climate Change and the Risks of Denying Inconvenient Truths

Martin Wolf November 2, 2016
Many industries – including agriculture and insurance – anticipate major disruptions from climate change. Martin Wolf, chief economics commentator for Financial Times, is pessimistic about US leadership on the issue, expressing alarm that climate change was not discussed more during the presidential campaign. He points to two types of denial: Major denial from Donald Trump and the right stems...