This is the last CSR Newsletter of the Spring semester. Have a great summer and I will see you in the Fall! |
The article in the url below is structured around analogies for three different geopolitical pathways for how climate change evolves, from our current starting point:
- "Green Globalization, where major powers coordinate closely to implement solutions, putting the world on track to meet climate goals.
- Climate Anarchy, where self-interest takes the form of protectionism and mercantilism, pushing the world in the wrong direction on emissions.
- Green Cold War, where the world splits into two or three rival camps that create regional trade barriers, producing emissions that land somewhere between the two extremes of the first two scenarios."
The characteristics and related outcomes of these three pathways are summarized in the article in terms of various risks:
The article concludes that the "Green Cold War" is the most likely outcome, while global cooperation ("Globalization") is "unlikely" and anarchy, thankfully, is "very unlikely." One option that is closer to the globalization pathway, but is not considered in this framework, instead revolves around competition (rather than cooperation). My sense is that this option is both more likely (than the "unlikely" globalization) and would be more beneficial in terms of innovating solutions (than the "likely" cold war; see Strategic CSR – Markets). Whether market-based competition is more likely than counterproductive protectionism (the "Cold War" pathway), though, is harder to determine.
Take care
David
David Chandler
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Green Cold War or Climate Anarchy? Together We Can Decide
By Akshat Rathi
January 25, 2022
Bloomberg
