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Countercyclical energy and climate policy for the U.S

Bibliographic Data

ID12929279
AuthorsGregory F Nemet (0000-0001-7859-4580, Mercator Research Institute on Global Commons and Climate Change, corresponding author), Arnulf Grübler (0000-0002-6225-7712, Yale University), Daniel M Kammen (0000-0003-2984-7777, University of California, Berkeley)
Year2015
Volume7
Issue1
Pages5-12
Publication date2015-10-21
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueWiley Interdisciplinary Reviews Climate Change (JOURNAL)
Journal identifiersISSN: 1757-7780 • E-ISSN: 1757-7799
PublisherWiley (PUBLISHER • GB)
DOI10.1002/wcc.369
OpenAlexW2140562058
LanguageEN
Citations received3
References cited28

Continuation of the U.S.’s historical pattern addressing energy problems only in times of crisis is unlikely to catalyze a transition to an energy system with fewer adverse social impacts. Instead, the U.S. needs to bolster support for energy innovation when the perceived urgency of energy‐related problems appears to be receding. Because of the lags involved in both the energy system and the climate system, decarbonizing the economy will require extraordinary persistence over decades. This need for sustained commitment is in contrast to the last several decades, which have been marked by volatility and cycles of boom and bust. In contrast to the often‐repeated phrase that one should ‘never let a good crisis go to waste,’ the U.S. needs to most actively foster energy innovation when aspects of energy and climate problems appear to be improving. We describe the rationale for a ‘countercyclical’ approach to energy and climate policy, which involves precommitment to a set of policies that go into effect once a set of trigger conditions are met. WIREs Clim Change 2016, 7:5–12. doi: 10.1002/wcc.369 This article is categorized under: The Carbon Economy and Climate Mitigation > Policies, Instruments, Lifestyles, Behavior Policy and Governance > National Climate Change Policy

Boom · Bust · Climate change · Corporate governance · Economic policy · Economics · Economy · Energy (signal processing · Energy policy · Energy system · Microeconomics · Natural resource economics · Precommitment · Public economics · Renewable energy · Volatility (finance · Atmospheric and Environmental Gas Dynamics · Climate Change Communication and Perception · Climate Change Policy and Economics · Engineering · Finance

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Unique citing works3
Citations per year0,3
Citation span2016 - 2023 (8)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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