A Golden Age for Green Investment?
Some green projects are enjoying a boost thanks to unconventional cost-of-capital calculations.
A Golden Age for Green Investment?Households produce a large share of the world’s greenhouse gas emissions, whether by consuming energy at home or burning fuel to travel. This makes individual actions crucial in mitigating climate change, but how can policy makers encourage more responsible behavior? Chicago Booth’s Michael Weber and his coresearchers sought to explore one possible avenue through a randomized trial, assigning respondents of a national survey in Germany to one of four treatment groups that received information from peer or expert sources about the impact of emissions on climate change and the ways people can reduce their carbon footprint. All four groups reported a greater willingness to act—in this case, to spend on carbon offsets—relative to a fifth group, a control that received no information on climate change. The researchers find that information framed as coming from peers created the strongest effect. To learn more, read “Peer Pressure Can Help Fight Climate Change.”
Illustration by Peter Arkle
Some green projects are enjoying a boost thanks to unconventional cost-of-capital calculations.
A Golden Age for Green Investment?Political philosopher Patrick Deneen discusses how to reorient the economic system for the common good.
Capitalisn’t: A Conservative Critique of CapitalismQuantitative easing may have played a part in the US financial sector’s current instability.
Did the Fed Contribute to SVB’s Collapse?Your Privacy
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