The Economics Of Climate Free Riding Have Changed
The article examines how national economic incentives around climate policy are evolving. Historically, countries could justify inaction by pointing to the cost of alternatives and reliance on fossil fuels. As renewable energy and low-carbon technologies mature and become economically competitive, the calculus of self-interest is shifting, potentially aligning national interests more directly with climate goals.
Key points
- Low-carbon technologies are becoming cheaper and more widely available
- Economic incentives for climate free-riding are weakening
- National self-interest and climate action increasingly point in same direction
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