James Stock on Making it Cheaper to be Green

Most economists would agree a carbon tax is a powerful tool in fighting climate change, but carbon pricing alone is not enough. As green technologies evolve and prices fall, the fight against climate change will need a more nuanced plan of attack where people can actually afford to do the right thing. In this podcast, journalist Rhoda Metcalfe talks to Harvard Professor of Political Economy James Stock about how he sees the decarbonization process playing out sector-by-sector, which is the subject of his article titled Driving Deep Decarbonization in the September edition of Finance and Development.

Transcript: https://bit.ly/3m8QV7Z

Read the F&D article at IMF.org/fandd