Climate Policy Enters Four Dimensions
David Keith (Harvard) and John Deutch (MIT) discuss mechanisms to manage climate risks, which they call the climate control mechanisms: emissions reduction, carbon dioxide removal (CDR), adaptation, and solar radiation modification (SRM).
Aspen Economic Strategy Group welcomes seven new members
New members replace outgoing Biden-Harris administration appointees and include Atlanta Fed President & CEO Raphael Bostic and former U.S. Treasury Secretary Jacob Lew.
Biden should embrace a carbon tax
President Biden deserves credit for his actions to date on climate change. In rejoining the Paris agreement, directing new energy standards, pushing for bold congressional action, convening world leaders and announcing dramatic emissions reduction targets, he is showing that American climate leadership is back. But there is one major climate policy arena where the United States needs to take a bold step forward: carbon pricing.
13 Aspen Economic Strategy Group Reports related to the American Jobs and Families Plans
The Biden Administration’s American Jobs Plan and American Families Plan propose over $4.1 trillion in new government spending over the next 10 years, aiming to fundamentally reshape and expand the social safety net, increase the economy’s productive potential through investments in physical and human capital, and make major public investments in green infrastructure and technology. ...
14 Facts about US Investments in Infrastructure and R&D
Bipartisan support in Congress is emerging for new strategic investments in science and technology, in addition to a trillion-dollar infrastructure deal. These proposals reflect an emerging consensus that large-scale government investments are necessary to support the US economy’s transition to sustainable energy sources, address underlying sources of domestic inequality, and promote American economic competitiveness. In ...
Economic Perspectives on Infrastructure Investment
THE ECONOMICS OF FEDERAL INFRASTRUCTURE INVESTMENT Bipartisan support for new infrastructure spending reflects a consensus view that well- chosen infrastructure investments would enhance American economic competitiveness and increase the economy’s productive capacity. Sound investments also have the potential to accelerate the US economy’s transition to sustainable energy sources and to address some of the sources ...
Science and Innovation: The Under-Fueled Engine of Prosperity
Benjamin Jones (Kellogg School of Management at Northwestern University) argues that the United States is vastly underinvesting in science and innovation, hindering productivity growth. He presents evidence that increased public spending on research and development would lead to improvements in standards of living and health, enhance our economic competitiveness, and advance our nation’s capacity to ...
Challenges of a Clean Energy Transition and Implications for Energy Infrastructure Policy
Economists Severin Borenstein (Berkeley Haas School of Business) and Ryan Kellogg (University of Chicago Harris School of Public Policy) discuss the major barriers that need to be overcome in order to successfully execute a transition to a reliable low-carbon energy system at reasonable cost. The authors observe that the country must rapidly reduce greenhouse gas ...
Aspen Economic Strategy Group Releases New Policy Analyses Examining the US Infrastructure Agenda
Three papers examine how infrastructure investments can promote economic growth and broader prosperity. Washington, DC, July 14, 2021 – The Aspen Economic Strategy Group (AESG) today released a set of three papers on infrastructure and technological innovation and their impact on the post-pandemic economic recovery. These papers will be included in the group’s annual policy volume, ...