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Combatting Global Warming and Austerity

Combatting Global Warming and Austerity

In the United States, proposals for a Green New Deal have been getting considerable attention in recent months as activists have pressed both members of Congress and Democratic presidential candidates to support aggressive measures to combat global warming. There clearly is much more that we can and must do in the immediate future to prevent enormous damage to the planet.

However, major initiatives in the United States to combat global warming will almost certainly require some increases in taxes. There is likely some slack in the U.S. economy (perhaps we’ll see more slack as a result of Donald Trump’s misfires in his trade war), but a major push involving hundreds of billions of dollars of additional annual spending (2-3 percent of GDP) will almost certainly necessitate tax increases. This doesn’t mean we shouldn’t move quickly to take steps to save the planet, but these steps will have some cost.

In contrast, most of Europe is in a situation where it could easily make large commitments toward increased spending on clean energy, mass transit, and conservation at essentially no economic cost. In fact, a Green New Deal Agenda in Europe is likely to lead to increased employment and output. The big difference is that Europe is much further from facing constraints on its economy. It has plenty of room to expand output and employment without seeing inflation become a problem. 

Before getting into the specifics on Europe’s economy, it is important to add a bit of perspective. The European countries have been far better global citizens in this area than the United States. Their per-person emissions are roughly half as much as the United States. Furthermore, many European countries have already taken aggressive measures to promote clean energy and encourage conservation. 

Solar energy accounts for 7.3 percent of Italy’s electric power, 7.9 percent of Germany’s and 4.3 percent for the European Union as a whole. By comparison, the United States gets just 2.3 percent of its electric power from solar energy. There is a similar story with wind energy where the European Union’s installed capacity is more than 70 percent higher than the United States. 

But in the battle to slow global warming, simply doing better than the United States is not good enough. The European Union can and must do more to reduce its greenhouse gas (GHG) emissions.

By CEPR

A Tale of Two Policies: Trump’s Hypocrisy and State Violence in Venezuela and Brazil

A Tale of Two Policies: Trump’s Hypocrisy and State Violence in Venezuela and Brazil

A recent report on Venezuela by the United Nations Office of the High Commissioner for Human Rights (OHCHR) is a grim portrayal of a country in a severe crisis. Yet, given the extensive media coverage given to this report, it is important to contextualize what is going on in Venezuela in light of the situation in other countries in the region.

Comparing the rates of violent abuses of state security agents in Venezuela with those of state actors like Brazil, Colombia, El Salvador, Honduras, or Mexico, it becomes clear that Venezuela is far from being an outlier, but rather part of a disturbing pattern of abusive, tough-on-crime, “mano dura” (“iron fist”) security policies in Latin America. What is an outlier, however, is the disproportionate media attention directed at Venezuela’s human rights situation, in comparison to other Latin American nations.

Another outlier is the US approach to Venezuela, which is clearly driven by the political aims of President Donald Trump — not by any particular concern for human rights. To get a sense of Trump’s double standard when it comes to human rights, one need look no further than how his administration treats Venezuela’s neighbor, Brazil.

By CEPR

Americans Deserve a Foreign Policy Debate

Americans Deserve a Foreign Policy Debate

The first two Democratic Party presidential primary debates in Miami covered a lot of foreign policy ground — but it is a stretch to say the candidates’ statements rose to the level of a real “debate.” They tended to agree with one another and merely emphasize different priorities.

There were two exceptions to this consensus:

  1. Four candidates (former congressman of Maryland John Delaney, Senator Amy Klobuchar of Minnesota, former HUD secretary Julián Castro, and Congressman Tim Ryan of Ohio) called China one of the US’s greatest geopolitical threats, while two candidates (former Colorado governor John Hickenlooper and entrepreneur Andrew Yang) argued for a new relationship with China built on cooperation.

  2. Ryan argued for maintaining US engagement in Afghanistan, while Hawai’i Congresswoman Tulsi Gabbard and former vice president Joe Biden called, without reservations, for withdrawal.

Very little in these debates shed light on the differences among these candidates in how they would approach foreign policy if elected. However, given the great range of foreign policy issues raised, one can hope that the candidates will engage in a more robust conversation on foreign policy as the field winnows—including talking about many issues that have thus far been left out.

Here were some of the foreign policy issues the candidates discussed:

Climate

These debates marked a major shift in the extent to which presidential candidates have addressed climate change, with two candidates (California Senator Kamala Harris and Washington Governor Jay Inslee) referring to a “climate crisis.”

By CEPR