Catherine Wolfram
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cwolfram.bsky.social
Catherine Wolfram
@cwolfram.bsky.social
Climate and energy economist at MIT Sloan. Former DAS at Yellen Treasury.
Why is it important that this is a leaders’ statement?

As my awesome colleague Arathi Rao says, “This declaration marks an important first step. It sends a clear political signal that countries are serious about aligning compliance carbon markets.”

Now the work begins to bring this to life!
November 8, 2025 at 2:20 PM
It demonstrates how we make progress on climate without the second largest emitter at the table.
November 8, 2025 at 2:20 PM
💡It recognizes that by collaborating, countries can drive greater ambition.
November 8, 2025 at 2:20 PM
💡It underscores the importance of carbon pricing in tackling climate change and reminds us that many countries outside of the U.S. are adopting it, especially for heavy industries.

E.g., from our recent report:

ceepr.mit.edu/wp-content/u...
November 8, 2025 at 2:20 PM
October 2, 2025 at 6:49 PM
Although work by @robin-j-brooks.bsky.social and @econharris.bsky.social suggests US sanctions are the most effective, and the US hasn't been following other countries lately.

www.brookings.edu/articles/inc...
Increase pressure or silently acquiesce | Brookings
European regulators face critical decisions on Russia how to continue the regime of sanctions in response to the invasion of Ukraine.
www.brookings.edu
September 21, 2025 at 3:31 PM
Luckily, it looks like adding sanctions on the shadow fleet depresses the price Russia receives.

www.bloomberg.com/news/article...
Russian Oil Falls Back Below $60 Price Cap as US Sanctions Bite
Russia’s flagship crude oil has dropped back below a price cap of $60 a barrel for the first time since December, one of several indicators that fresh US sanctions on Moscow may be biting.
www.bloomberg.com
September 21, 2025 at 3:31 PM
I have particular appreciation for the leadership of Ambassador Corrêa do Lago, Finance Minister Fernando Haddad and his team led by Rafael Dubeux, including Cristina Reis and Jose Pedro Nevors for putting this proposal on the agenda heading into #COP30.
September 16, 2025 at 9:20 PM
The fantastic working group was supported by the report team, led by Arathi Rao including Ruchee Bhatta, Kevin Hsu, Anna Neumann, Fanming Meng, @mpereboom.bsky.social and @naomishimberg.bsky.social who made this all happen and deserve special thanks!
September 16, 2025 at 9:20 PM