Energy and Environment Policy Lab at UC Berkeley, Jonas Meckling
Journal article
In this article, we show that central banks vary substantially in the extent to which they re-risk fossil fuel investments and physical risks and de-risk clean energy investments. Our analysis finds that central bank climate risk management is not associated with a country’s economic exposure to transition risks, but instead with its climate politics.
Journal article
Why are some governments more effective in promoting economic change than others? We develop a theory of the institutional sources of economic transformation. Institutions can facilitate transformation through two central mechanisms: insulation and compensation.
Comment
Countries vary in the adoption of sticks and carrots in climate policy. Differences in institutional capacity and fiscal space shape national policies. This matters for the effectiveness of national mitigation efforts and the extent of international conflict over climate policy.
Journal article
California and Germany share ambitious emission reduction targets. Yet California is ahead of Germany in electrifying transportation by several metrics, including the number of public charging stations. We show that variation in the politics of coordination in California and Germany explains the different outcomes.