This European survey examines (a) Adoption of artificial intelligence will lead to a substantial increase in the growth rates of real per capita income in the US and Western Europe over the next ten years; b) Adoption of artificial intelligence will lead to a substantial increase in the unemployment rates in the US and Western Europe over the next ten years
Keyword: cap-and-trade
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This European survey examines (a) For reducing global greenhouse gas emissions, subsidies for R&D on low-carbon technologies are justified in addition to carbon pricing mechanisms like carbon taxes and cap-and-trade systems; (b) Higher subsidies for R&D on low-carbon technologies are justified by the fact that their successful deployment would not only reduce emissions in OECD countries but also reduce developing countries' emissions by encouraging them to substitute away from fossil fuels
This US survey examines (a) For reducing global greenhouse gas emissions, subsidies for R&D on low-carbon technologies are justified in addition to carbon pricing mechanisms like carbon taxes and cap-and-trade systems; (b) Higher subsidies for R&D on low-carbon energy sources are justified by the fact that their successful deployment would not only reduce emissions but also induce developing countries to substitute away from fossil fuels
This week's US Economic Experts Panel statements:
Sound policy would involve increasing significantly the currently near-zero price of emissions of carbon dioxide and other greenhouse gases.
This week’s IGM European Economic Experts Panel statements:
A) The European Union goal of reaching net zero emissions of greenhouse gases by 2050 will be a major drag on economic growth.
B) Carbon taxes are a better way to implement climate policy than cap-and-trade.
C) A carbon border tax targeting imports from non-EU countries with less strict climate policies is likely to harm developing economies.
This week's IGM Economic Experts Panel statements:
A) Considering a broad range of costs and benefits is a better tool for guiding climate policy than setting temperature limits (such as 1.5 °C, eg) based on expected links between temperature increases and the extent of environmental harm.
B) Carbon taxes are a better way to implement climate policy than cap-and-trade.
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