By Luis Garicano

Michael Greenstone is Professor of Economics at the University of Chicago and has a PhD in Economics from Princeton University. During the Barack Obama administration, Greenstone was the chief economist for the Council of Economic Advisers. In fact, he is one of the greatest experts in the economics of climate change.

For this reason, the economist Luis Garicano interviews him within the cycle ‘Capitalism after the Coronavirus,’ a series of conversations by the Spanish MEP with economists and social scientists about the situation after covid-19.

This time, Greenstone talks about carbon emissions policies and buying them. He assures that although “the enemy is carbon”, he is concerned that “we apply policies that will make us feel good about ourselves” but that do not help the planet.

For Greenstone, one of the problems is that “we are facing global climate change and the capacity of the United States or the European Union to influence other countries is limited.”

Watch at El Confidencial

 

Areas of Focus: Energy Markets
Definition
Energy Markets
Well-functioning markets are essential for providing access to reliable, affordable energy. EPIC research is uncovering the policies, prices and information needed to help energy markets work efficiently.
Climate Change
Definition
Climate Change
Climate change is an urgent global challenge. EPIC research is helping to assess its impacts, quantify its costs, and identify an efficient set of policies to reduce emissions and adapt...