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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05 Dec 2013 - Forbes.com
As U.S. companies expanded globally in the 1970s and 1980s, they started ignoring their hometowns, hurting America and putting companies' long-term profits at risk, Jan Rivkin, professor at Harvard Business School, told a room full of business leaders. The result is that companies' profits have risen thanks to global success while American workers have struggled to keep up.
04 Dec 2013 - Chicago Tribune
Mandatory U.S. budget cuts known as sequestration are resulting in job losses across the country and threaten to undermine U.S. competitiveness in the global economy, industry executives and academics said on Monday, urging Congress to reverse the cuts.
03 Dec 2013 - NPR
Harvard Business School Professor Jan Rivkin discusses implications of the recent PISA 2012 findings with NPR's Claudio Sanchez. The test measures students' proficiency in reading, math and science worldwide, and shows that American 15-year-olds continue to turn in flat results.