Category Archives: environment

Energy Policies Can Be Both Geopolitical & Green

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April 29, 2022 — Russia’s invasion of Ukraine has amplified the importance of national security objectives when Western nations formulate energy policy.  At the same time, they should not take their eye off the ball of reducing environmental damage and, in particular, slowing down greenhouse gas emissions.  Both goals, geopolitical and environmental, are urgent.  The national security and environmental objective should be evaluated together, rather than via separate “stove pipes.”

Some talk as if the two goals are necessarily in conflict — because, for example, fighting back against Moscow by boosting domestic US oil production would contribute to air pollution and global climate change.  But there are plenty of steps that would benefit the environment and simultaneously further the geopolitical objective.  The most obvious steps, especially for the EU, are sanctions that cut demand for imports of fossil fuels from Russia. read more

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Maxims of Richard Zeckhauser and errors of commission

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July 14, 2021 — Richard Zeckhauser, my colleague at Harvard Kennedy School, is indeed legendary.  A book by Dan Levy, titled Maxims for Thinking Analytically: The wisdom of legendary Harvard Professor Richard Zeckhauser, has been released today.

I recommend it highly. This is not a collection of tangential papers published together in someone’s honor.  Rather each chapter consists of an immortal maxim of Richard’s together with applications to real-world decision-making, whether at the personal or public-policy level. There are 19 such pithy insights, such as “Think probabilistically about the world,” or “Good decisions sometimes have poor outcomes,” or “Eliminate regret.”  Dan skillfully weaves into each of his chapters concise contributions from a big set of Zeckhauser-admirers, including Max Bazerman, Jason Furman, Hsien Loong Lee, Jennifer Lerner, Barry Nalebuff, Larry Summers, among many others. read more

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Will the Coronavirus Spur Action on Climate Change?

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October 3, 2020 — From early on in this pandemic, a common reaction has been “at least, maybe now we will get serious about addressing climate change.”  One can see the logic.  The terrible toll taken by Covid-19 should remind us of the importance of three things: the need for science, the role for public policy, and the usefulness of international cooperation.  With these three revelations firmly in mind, we can see that we also need them to respond to the problem of climate change. read more

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