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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20 Aug 2014 - The Huffington Post
Open immigration is not the answer, but the United States should not hold up the reform of skilled-immigration programs like the H-1B and L-1 visas because of the political logjam over how to stop the flow of illegal immigration.
Immigrants account for a majority of the net increase in the US workforce concentrated in the so-called STEM work (science, technology, engineering, and mathematics) since 1995. According to William R. Kerr at the Harvard Business School, immigration "provides the United States with a number of exceptional superstars for STEM work. Second, immigration acts through the sheer quantity of workers that it provides for STEM fields." Kerr believes that the "quantity aspect of high-skilled immigration is the stronger factor" in terms of impact.
19 Aug 2014 - The Atlantic
"I think we should avoid that temptation to do something now just because it feels good to do something," Desai says. According to him, the inversions we're seeing now are simply the unanticipated effects of the legislation passed in 2004. Increasing the requirements on foreign ownership, then, might be a salve that not only would be temporary, but would also open up problematic possibilities down the line.
14 Aug 2014 - Fortune
Massachusetts has created a model based on public-private partnerships, a promising blueprint other states should follow.