The Green Economy

How can investors use capital markets to encourage emissions reductions? In new research, Matthew E. Kahn, John G. Matsusaka, and Chong Shu examine whether public pension funds are more effective in mitigating pollution when they divest from fossil fuel companies or actively engage their management.

The return of Luiz Inácio Lula da Silva as president of Brazil accompanies a renewed emphasis on sustainability. However, discrepancies in his rhetoric and the policy of his administration reveals a rift between the administration’s twin goals of sustainability and economic development, writes Stephanie Tondo

Antitrust scholars and authorities are debating how antitrust can and should align with green sustainability initiatives. A recent ruling from Brazil’s antitrust authority, the Administrative Council for Economic Defense, in approving the launch of a commercial platform for agricultural commodity traders to track global supply chain sustainability metrics, presents one case study on how to advance sustainability goals without compromising competition.

The Stigler Center for the Study of the Economy and the State hosted a virtual event discussing the standards, metrics and disclosures of investments focused on Environmental, Social and Governance (ESG) goals. The following is a transcript of the event.

In new research, Matteo Romagnoli argues that for the electricity sector to decarbonize as part of the broader green transition, regulators must liberalize markets...

Efficiency is out and political economy is in. But what does that imply about making good policy? When Barack Obama was asked about carbon pricing...

It has become fashionable for governments to issue “green” bonds to fund the transition to sustainability. However, sovereign green bonds as currently designed have...

As governments and companies look for ways to reduce greenhouse gas emissions, agricultural sequestration offers one promising method to combat climate change. However, for...

Environmentally conscious critics of contemporary capitalism often highlight the system’s permissiveness toward egregious pollutant activities, typically enjoyed by the ultra-wealthy. Using private jet ownership...

A stock market that has priced in the transition risk away from greenhouse gasses would see higher future returns, the so-called carbon premium, for...