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The Missing Tool in the Climate Fight

ssir.org · 2,006 words · saved by 2 readers

Market-shaping interventions in global health provide a powerful model for the struggle to decarbonize the economy.

(Photo by iStock/hrui) Snatched from the jaws of defeat, the Inflation Reduction Act (IRA) will hasten the transition of key markets-for energy, vehicles, cement, and more-toward "greener" technologies. However, the IRA is just one early part of a massive, decades-long push to shift markets from high-carbon to low- and zero-carbon technologies. And while governments and private organizations have initiated transitions through a first wave of limited interventions, these market shifts are happening too slowly to reduce emissions at a pace that would limit warming to 1.5 degrees Celsius. With th

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