Technology

Decarbonization for Us Carbon-Based Life Forms

The taxation and regulation of CO2 have hit political snags in the US, Canada and Europe. New technology offers a third way to address emissions.

Climate activists block tracks to a Europipe plant.

Climate activists block the tracks to a Europipe plant in North Rhine-Westphalia on 29 May. Photo: Henning Kaiser/dpa/picture alliance via Getty Images

“Does decarbonization still have a future?” was the subject of a talk at the London School of Economics this year.

Though the answer was yes, there is a future, it was not a layup. The talk and Q&A that followed showed just how much the debate about emissions and regulations has changed since Donald Trump was reelected president after one term out of office.

The presenter, Mark Blyth, is an economist at Brown University. He has a generally green point of view. Yet his outlook is tempered by some knowledge about how markets work and respond to political incentives.

Blyth concluded that a lot of green policy is at least temporarily reversible. Still, he held out hope that the world will see gains anyway in cutting down carbon usage. These gains will come courtesy of great-power competition and moves that most regulators do not see coming.

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