Tag: climate crisis

Are Personal Carbon Allowances the Missing Policy for Addressing Climate Change?

By Tim Thornton In recent decades, addressing climate change has gained increased attention as climate disasters have become more widespread. However, the international community is not currently on a sufficiently ambitious carbon emissions reduction trajectory to avoid non-catastrophic global warming. As illustrated in Figure 1, there is a large gap between global emissions with current […]

Revised Economic Thinking for a New World: New Editions of the “In Context” Textbooks

By Pratistha Joshi Rajkarnikar As the world has undergone seismic shifts over the last few years due to the COVID-19 pandemic, rising social and economic inequality and the escalating climate crisis, new approaches to economics are needed to reflect the complexities of this rapidly evolving world.  The latest editions of Microeconomics in Context and Macroeconomics […]