In Europe and beyond, populist politicians continue to gain ground. What message are voters sending? Are politicians from other parties listening, and explaining their policies in a way that will successfully reach supporters of populist parties?
There are one set of policies for which this may be a huge problem soon. What does this mean for that those tricky choices that politicians will have to make when dealing with the consequences of climate change, and sustainability?
Sergei Guriev of London Business School and Catherine de Vries of Bocconi University have both examined what is driving support for populism, and the implications of populism in politics for the social contract. They tell Tim Phillips why the planet may have a populism problem.
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S8 Ep59: Designing markets for nature
Our economy is embedded in nature, but nature is in danger. External funding is needed, especially in the Global South, to support the conservation of our natural ecosystems. Markets can play a role, but the way in which voluntary carbon markets do this has low public trust which, from recent news, may be deserved.
Estelle Cantillon of Université libre de Bruxelles and CEPR tells Tim Phillips about her proposal for a new market mechanism to channel funds to projects that will conserve or restore our natural environment by paying dividends to those who invest. But how will it avoid greenwashing, and who will buy the shares?
Read about this in Chapter 8 of the Paris report: https://cepr.org/system/files/publication-files/257653-policy_insight_145_designing_and_scaling_up_nature_based_markets.pdf
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S8 Ep58: A big push for climate policy
“What is needed is non-marginal, transformative change to shift the economy, technology, and society”. That’s the typically forthright recommendation from Rick van der Ploeg of the University of Oxford and University of Amsterdam for how to ensure that climate policy is effective at changing our habits and behaviour. He argues that the gradual changes in habits that current policies target don’t go far enough, and that we run the risk of backsliding. But what does this mean in practice? Rick spoke to Tim Phillips about what policies to push, when to push them – and how big the push needs to be.
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S8 Ep57: How to make carbon removal work
We are familiar with climate policy to reduce emissions. We know about the policies to adapt to climate change. But can we successfully reduce the amount of CO2 in the atmosphere, and how do we create policies and incentives to invest in, and take advantage of, those technologies?
Ottmar Edenhofer, Director of the Potsdam Institute for Climate Impact Research and chair of the European Scientific Advisory Board on Climate Change, talks to Tim Phillips about an aspect of climate policy that is becoming increasingly important.
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S8 Ep56: The economics of biodiversity
"The Economics of Biodiversity” was published by the UK Treasury in 2021. It sets out how economic systems value biodiversity and natural capital, and which policies would preserve and restore nature.
The project leader was Professor Sir Partha Dasgupta of the University of Cambridge. In the latest of our special episodes recorded at the first Hoffmann Centre / CEPR / ReCIPE Conference continue, he tells Tim Phillips what he learned from hanging out with ecologists, why we need indicators of economic performance that value nature, and why we should worry about the decline of natural capital.
The Economics of Biodiversity: The Dasgupta Review https://www.gov.uk/government/publications/final-report-the-economics-of-biodiversity-the-dasgupta-review
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