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OPINION

Moving toward a world of greener steel making

News, Gernot Wagner & Roland Kupers, Published on 27/09/2025

» Burning coal to generate power is so uneconomical that the Trump administration has resorted to issuing stay-open orders to prop up the dying industry. However, there is one area where coal is still king: in the production of primary iron to make steel.

OPINION

Zuckerberg lifts US content guardrails in bias shift

News, Kurt Wagner and Riley Griffin, Published on 09/01/2025

» It was no accident that Meta Platforms Inc chose Donald Trump's favourite TV news show, Fox and Friends, to discuss its decision to ditch outside fact-checking.

OPINION

What Trump's win means for the climate

News, Gernot Wagner, Published on 11/11/2024

» Elections are supposed to clarify policy uncertainties, and on the economic front, Donald Trump's victory over Kamala Harris has done just that. All three major US stock indices and US Treasury yields jumped after Nov 5, reflecting expectations of both strong economic growth and soaring debt and inflation.

OPINION

The correct response to Beijing's EV subsidies

Oped, Gernot Wagner & Shang-Jin Wei, Published on 09/04/2024

» US Treasury Secretary Janet Yellen's nearly weeklong visit to China, now underway, will most likely focus on US concerns about Chinese subsidies to producers of electric vehicles and other clean-tech goods.

OPINION

How to assess COP28's outcome

Oped, Gernot Wagner, Published on 20/12/2023

» #Actionism". That word greeted arriving passengers at Dubai International Airport, the port of entry for the vast majority of the 100,000 or so climate negotiators, activists, industry lobbyists, and others attending this year's United Nations Climate Change Conference and the events around it.

OPINION

How China can save the world -- as well as itself

Oped, Gernot Wagner & Conor Walsh, Published on 11/11/2023

» China's model of economic growth has been a resounding success. With its focus on export promotion, capital investment, and technological catch-up, it has lifted some 800 million people out of poverty over the past 40 years.

OPINION

Understanding the mindset of green growth

Oped, Gernot Wagner, Published on 10/10/2023

» Everyone needs a foil, and for many who are focused on climate and sustainability, economic growth -- capitalism -- is a convenient target. This is understandable. Economic expansion is the quintessential capitalist imperative, but infinite material growth on a finite planet is physically impossible. Hence the rise of "degrowth", "agrowth", "post-growth", and other concepts that have emerged to underpin seemingly sophisticated criticisms of the "standard" economic model.

OPINION

What the climate fight is really about

Oped, Gernot Wagner, Published on 02/08/2023

» Climate change is no longer a future problem. It is here, and the effects are all around. Worse, today's extreme weather events are just a preview of the pain that awaits humanity in the coming decades, almost regardless of how fast we manage to decarbonise the economy this year or next.

OPINION

The clean energy race is on but it needs investment

Oped, Gernot Wagner, Published on 26/08/2022

» The United States has entered the clean-energy race in a big way with the Inflation Reduction Act (IRA) of 2022. Not only will the law subsidise US renewable-energy producers and consumers to the tune of US$369 billion (13 trillion baht) over 10 years; it also authorises the Department of Energy (DOE) to lend up to $250 billion to US companies that are investing in the clean energy transition. Between the IRA and the recent $52 billion package to boost US semiconductor production, it is clear that industrial policy is back in vogue in Washington, DC.

OPINION

A climate tipping point we want

Oped, Gernot Wagner, Published on 19/05/2021

» Like most worthwhile pursuits, reducing carbon pollution comes with costs. If it didn't, climate change wouldn't be a problem in the first place -- at least not from a narrow economic perspective. But climate change, and what it demands of us, is also a deeply political issue. Now that the direct economic costs of climate action have declined, the debate is shifting to the political and social difficulties of moving away from fossil fuels and toward a low-carbon, high-efficiency world.