Environment

The 5th edition of the Law Economics Policy Conference (LEPC) is jointly organized by the Institute for New Economic Thinking, INET and FLAME University.

The current energy market structures, including the short-run-marginal-price-on-all nature of the current wholesale market, are not fit for a transition to a renewables-dominated system.

Moving away from fossil fuels, towards a system with a far greater contribution from variable renewables, means that the current system is not fit for purpose.

In a new book, Alligators in the Arctic and How To Avoid Them, Peter Dorman shows how flawed academic models, faulty assumptions and unrealistic schemes grossly underestimate what’s needed to stop catastrophic warming. He argues for a straightforward carbon emission budget – plus the active citizenship required to fight big businesses that want to keep doing business as usual. Lynn Parramore explores his findings and talks to the economist about the path forward.

Price inflation, marginal cost pricing, and principles for electricity market redesign in an era of low-carbon transition

Price Inflation, Marginal Cost Pricing, and Principles for Electricity Market Redesign in an Era of Low-Carbon Transition

Because global warming doesn’t take a holiday

Ruskin scholar Jeffrey Spear, author of “Dreams of an English Eden: Ruskin and his Tradition in Social Criticism,” discusses how the insights of a key 19th-century thinker can help us build a new paradigm for protecting the planet – and save us from ourselves.

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

Luohan Academy’s Director Chen Long discusses the academy’s latest report, on the benefits of creating a “digital circular economy,” which would go a long way towards reaching net zero carbon emissions and addressing the climate crisis. Report link: https://www.luohanacademy.com/insights/bc89734b94adf00c

UNCTAD Director Richard Kozul-Wright and Kevin Gallagher, Global Development Policy professor at Boston University, discuss their book, The Case for a New Bretton Woods. Ever since the post-war economic order was dismantled beginning in the 1980s, a re-design of the global economic order has become increasingly urgent in light of the social and ecological crises that we face.

Rob Johnson interviewed Columbia University historian Adam Tooze in early 2020 about his work on financial history and how it relates to the Green New Deal.

John Fullerton, the Founder of the Capital Institute, discusses the urgent need for a new paradigm in economic thinking, modeled on living systems instead of Newtonian physics, which he calls regenerative economics.

In a replay of INET Live’s webinar, following the COP26 climate conference in Glasgow last December, Richard Kozul-Wright of UNCTAD, Patrick Bond of the University of Johannesburg, and author Maude Barlow discuss the disproportionate impact climate change has on the developing world and the ways to best address it.