Speaking from the historic steps of Old North on the Georgetown University campus on June 25, 2013, President Obama unveiled a detailed plan to address the causes and impacts of climate change. In his words, the president promised, “I’m directing the Environmental Protection Agency to put an end to the limitless dumping of carbon pollution from our power plants, and complete new pollution standards for both new and existing power plants.”
Not quite a year later on June 6, 2014, Gina McCarthy, administrator of the Environmental Protection Agency, responded by proposing “state-specific rate-based goals for carbon dioxide emissions from the power sector, as well as guidelines for states to follow in developing plans to achieve the state-specific goals.”
Narendra Modi was sworn in as India’s new prime minister on Monday, a little over a week after a landslide victory at the polls. The resounding win gives Modi much greater freedom to implement his agenda than any Indian leader in recent years, says international economics fellow Russell Green. What will Modi’s India look like, and how will it affect the U.S.? Green, who spent four years in India as the U.S. Treasury Department’s first financial attaché to that country, explains.
The recently released National Climate Assessment documents the accelerating rate of climate change caused by human activities, leading to extensive and damaging impacts. The report represents scientific findings on the state of climate change in the United States, summarized in a way that is accessible to its intended audience: the president, members of Congress, and the American people, writes Ron Sass, fellow in global climate change. Will the U.S. Congress respond actively to the report rather than do nothing, as it has in the past? Sass is not sure, but writes that “it is up to the American people to inform themselves and then vote into power those who have the ability and desire to understand the seriousness of the changing climate and are willing to work together to confront it.”
European finance ministers have agreed to the final pieces that will create a banking union and a fund that can be used to rescue failing EU member banks — a big step forward for European financial stability. International economics fellow Russell Green explains in the Baker Institute Blog.
A proposed inflation targeting (IT) approach to monetary policy has generated vigorous debate in India, where inflation has not dropped much below 10 percent for the past eight years.
Writing about India's upcoming elections, Baker Institute international economics fellow Russell Green suggests that the national momentum is waning, and India needs a strong new government to promote a clear vision to regain its upward trajectory. Will the elections in May lead to a strong, unified government, or a weak coalition of parties?
