Daniel C. Esty and Steve Charnovitz
Incoherent U.S. energy and climate policies have cast a pall over the entire economy and are putting U.S. companies at a serious global disadvantage. The authors offer 10 prescriptions for reforms, two of which they describe in detail. First, they argue that the U.S. should impose a gradually increasing carbon charge; this would help internalize environmental costs, drive investment in energy efficiency, encourage innovation in renewable power, and raise substantial revenues that could reduce the national debt. Second, they say, the government should curb or redirect unwise energy subsidies and increase funding for clean-energy R&D. Environmental stewardship need not be an economic burden, they emphasize; on the contrary, investing in sustainability can enhance corporate and national competitiveness.
Read the article here.
Read the working paper, "Environmental Sustainability and Competitiveness: Policy Imperative and Corporate Opportunity", here.
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24 May 2013 - Harvard Business Rview
Hard Business School's Mihir A. Desai, a answers a few questions about the recent Congressional tax inquiry of Apple and how this investigation fits into a larger debate about the corporate tax code.
23 May 2013 - Reuters
U.S. business groups are preparing to push for the bill, which would give the White House enhanced ability to negotiate trade deals and set out U.S. negotiating goals on issues ranging from cross-border electronic data flows to global supply chains and potentially even foreign currency practices.
22 May 2013 - New Study Shows U.S. Legal System is a Competitive Liability
The U.S. Chamber Institute for Legal Reform suggests that civil justice reform would play an important role in increasing the global competitiveness of American businesses.