What are the legal pathways to reducing carbon emissions? On this episode of Columbia Energy Exchange, host Jason Bordoff is joined by Michael Gerrard, Founder and Director of the Sabin Center for Climate Change Law at Columbia University. Michael Gerrard is a professor of environmental law, climate change law, and energy regulation, and a member and former Chair of the Faculty of the Earth Institute at Columbia. He is the author and editor of more than a dozen books, two of which were named Best Law Book of the Year by the Association of American Publishers. His latest effort, “Legal Pathways to Decarbonization in the United States,” is an extensive policy encyclopedia that presents a menu of recommendations for policymakers, the legal community, and students to enable and accelerate decarbonization in the U.S.
In a wide-ranging conversation, they discuss the playbook of legal options available to cut emissions and tackle the challenge of climate change – from fuel-switching to carbon capture, carbon pricing and identifying emission reduction pathways in trade and tax policy, they dissect policy recommendations for moving the U.S. toward a 2-degree pathway in order to meet the goals of the Paris Agreement on 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.
As the world races to transition to cleaner energy sources, there exists a substantial gap between the financing required for this transition and the actual investments being made.