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The Right to Energy & Carbon Tax: A Game Changer in India
In response, the Institute formed two committees.
This work is having influence in academia as well as in policy making, and is receiving wide dissemination, including through professional journal articles and influential media in the United States and elsewhere, contributing to the understanding of how market economies can perform better.
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In recent years, groups within the taskforce have also focused on the endogenous emergence of systemic risk in the financial system given market participants’ incentives to get interconnected in specific ways in network structures, and how to integrate climate policy risk in the valuation of interconnected financial contracts—a central question in the ongoing policy debate on the role that the financial sector can play to foster a transition to a low-carbon economy.
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The Right to Energy & Carbon Tax: A Game Changer in IndiaRobert Skidelsky and Perry Mehrling report on the project at the Institute’s 2011 Bretton Woods conference.
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The financial crisis highlighted the importance of these phenomena and motivated the creation of the taskforce in 2012.
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