Like most operations, the Columbia Energy Exchange has shifted to be entirely remote, with hosts Jason Bordoff and Bill Loveless continuing to make podcast episodes from home. Given the unprecedented circumstances we are all living through and the uncertainty and questions that follow, Jason and Bill will try whenever possible to bring insights into the energy and climate related aspects of the COVID-19 pandemic.
To that end, there has been much talk in recent weeks about how to think about using emergency economic relief and stimulus funding from Washington, D.C. to not only address the immediate economic fallout from COVID-19, which has resulted in many parts of the economy being shut down, but also to make progress on some of our more urgent longer-term challenges, mainly, climate change. Climate scientists, environmental groups, certain industries and others have been urging lawmakers to jumpstart the economic recovery through a green stimulus package. Ideas range from clean energy tax credits, to requirements that bailed-out airlines commit to decarbonize, to building green infrastructure, and many more ideas.
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Dr. Joe Aldy to gain insight into design of stimulus and how climate policy could factor into it. Joe is a leading environmental economist, currently a Professor of the Practice of Public Policy at the Harvard Kennedy School. His research focuses on climate change policy, energy policy, and more. From 2009 to 2010, he served as the Special Assistant to President Obama for Energy and Environment. It was in that role, and on the presidential transition that preceded it that he was a key White House staffer, that Joe negotiated with Capitol Hill on the Recovery Act that included $90 billion for green goals.
Joe was previously a Fellow at Resources for the Future and served on the staff of the President’s Council of Economic Advisors. He holds a Ph.D. in economics from Harvard University.
Around the world, activists are turning to the courts to hold major polluters accountable for climate change.
It has now been just over a year since the US signed into law the Inflation Reduction Act and already, it has been followed by more than US $110 billion in clean energy investments.
Rising debt levels and the ravages wrought by climate change present acute threats to achieving sustainable development goals in emerging market and developing economies.