Climate Coalitions at the Conference of the Parties, with Catherine Wolfram and Milan Elkerbout

For this week’s podcast episode, host Kristin Hayes chats with Resources for the Future (RFF) Fellow Milan Elkerbout alongside Massachusetts Institute of Technology Professor and RFF University Fellow and Board Member Catherine Wolfram to make sense of the significant new global launch of the Open Coalition on Compliance Carbon Markets at last year’s 30th Conference of the Parties. In accordance with a key tenet of the Paris Agreement, the declaration of the Open Coalition establishes formal—and actionable—intent for the participating countries to align on a shared global framework for carbon markets. Elkerbout and Wolfram characterize this initiative as a sign of adapting to new dynamics that have been governing international climate negotiations, with strong possibility of more countries joining. With this momentum, Elkerbout and Wolfram note progress toward emissions reductions and climate cooperation. References and recommendations: “Building a Climate Coalition: Aligning Carbon Pricing, Trade, and Development” by Catherine Wolfram, Joseph Aldy, Candido Bracher, Vaibhav Chaturvedi, Kimberly Clausing, Christian Gollier, Frank Jotzo, Marcelo PL Medeiros, Athiphat Muthitacharoen, Axel Ockenfels, Mari Pangestu, Daouda Sembene, E. Somanathan, Dustin Tingley, Jennifer Winter, Simon Black, and Carolyn Fischer; https://salatainstitute.harvard.edu/building-a-climate-coalition-gcpp-flagship-report/ “Chokepoints: American Power in the Age of Economic Warfare” by Edward Fishman; https://www.penguinrandomhouse.com/books/726149/chokepoints-by-edward-fishman/ “The Old World Order Is Dead” by Paul Musgrave; https://musgrave.substack.com/p/the-old-world-order-is-dead Subscribe to stay up to date on podcast episodes, news, and research from Resources for the Future: https://www.rff.org/subscribe/