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The Political Economy of a Green Revolution

The Political Economy of a Green Revolution. Pol376: International Political Economy April 2, 2012 Michael Lee. Summary . Global Warming Possible solutions Friedman and a “Green New Deal” Obstacles to a Green Revolution Ideational Implementation Political International

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The Political Economy of a Green Revolution

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  1. The Political Economy of a Green Revolution Pol376: International Political Economy April 2, 2012 Michael Lee

  2. Summary • Global Warming • Possible solutions • Friedman and a “Green New Deal” • Obstacles to a Green Revolution • Ideational • Implementation • Political • International • A green opportunity?

  3. Negative externalities of dirty energy consumption

  4. What are the negative externalities of filling up a tank of gas? • Global warming • Other pollutants • Foreign policy • Petro-dictatorship • Complexity

  5. Hot, Flat and Crowded • Rise of China • Green new deal • Competitive advantage • http://video.nytimes.com/video/2007/04/10/magazine/1194817107532/the-power-of-green.html • Energy internet • Carbon tax/price floors • Regulation/incentives

  6. Other approaches to climate change • Doing nothing • Cap and trade • Government intervention • Geo-engineering

  7. Battle of ideas • Climate science • Skeptics • Deniers • Cornucopians • Lomborg • “Climategate” • Hockey stick • Environmental tradeoffs

  8. Temperature since 1000 CE, multiple sources

  9. Implementation problems • Variable generation, constant demand • Government picking winners • Green bubbles • Spain • Czech Republic

  10. Ontario wind energy as % of capacity: variable energy generation, regular demand

  11. Does a green public lead to green policies? (WVS)

  12. Pricing carbon: a tough sell • USA • Cap and trade • http://politics.nytimes.com/congress/votes/111/house/1/477 • Sectoral/regional costs • Canada • Green tax shift (carbon tax) • http://www.youtube.com/watch?v=os5vXksQwts&feature=relmfu

  13. If you were building a political coalition of green interests, what would it look like?

  14. Past international efforts • Global collective action problems • Montreal protocol (Ozone), 1987 • Acid rain treaty (S02, NOx), 1991 • http://www.epa.gov/airmarkets/progress/arp03.html • Kyoto protocol (C02), 1997 • Copenhagen (C02), 2009

  15. Human C02 emissions since 1850

  16. Why was Kyoto unsuccessful, while previous agreements succeeded?

  17. Are there competitive advantages to going green?

  18. Who has a comparative advantage in solar power?

  19. Annual Average windspeed

  20. Summary • Academic consensus may not translate into public acceptance • Hard to implement • Tricky international and domestic distributional politics

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