Despite its systemic rivalry with China, the West has three options that could help it achieve tangible action in the sphere of climate policy. This article was published in the academic journal The Economists’ Voice.
This article outlines how the systemic rivalry between the West and China is preventing effective collaboration in the fight against climate change. It then suggests three approaches that can help the West achieve tangible action in the sphere of climate policy:
- First, the West must build up pressure points such as a Carbon Border Adjustment Mechanism (CBAM) or even tariffs to incentivize greater climate protection measures.
- Second, climate partnerships with more substantial financial resources will incentivize developing countries to accelerate decarbonization and not just follow the Chinese model.
- Third, climate action in the United States and European Union must be well calibrated.
Read the full article here: https://doi.org/10.1515/ev-2023-0048