Michael Lerner
@michaelhlerner.bsky.social
Assistant Professor of Public Policy & Administration at LSE Government. Studying politics in a changing environment. https://www.michael-lerner.com
And does having green directors on the board matter? Yes!
Firms with more green directors are more likely to:
- report GHG emissions voluntarily
- appoint a chief sustainability officer
- join pro-climate political coalitions
- announce a Net Zero commitment (ambitious ones!)
3/4
Firms with more green directors are more likely to:
- report GHG emissions voluntarily
- appoint a chief sustainability officer
- join pro-climate political coalitions
- announce a Net Zero commitment (ambitious ones!)
3/4
May 1, 2025 at 7:37 PM
And does having green directors on the board matter? Yes!
Firms with more green directors are more likely to:
- report GHG emissions voluntarily
- appoint a chief sustainability officer
- join pro-climate political coalitions
- announce a Net Zero commitment (ambitious ones!)
3/4
Firms with more green directors are more likely to:
- report GHG emissions voluntarily
- appoint a chief sustainability officer
- join pro-climate political coalitions
- announce a Net Zero commitment (ambitious ones!)
3/4
It might not feel like it right now, but pro-environmental attitudes are more common among Corporate America’s leaders than ever. Today, about 1 in 4 directors at the average firm give primarily (or solely) to political candidates endorsed by green PACs – twice as many as in the 1990s 2/4
May 1, 2025 at 7:37 PM
It might not feel like it right now, but pro-environmental attitudes are more common among Corporate America’s leaders than ever. Today, about 1 in 4 directors at the average firm give primarily (or solely) to political candidates endorsed by green PACs – twice as many as in the 1990s 2/4
_Preferences_
When asked which policy they would propose to a policymaker, the experts preferred
• Emissions trading over a tax (no trade-off required)
• Broad coverage over narrow
• Revenue use for green infrastructure or vulnerable populations – but definitely not for the general public
5/7
When asked which policy they would propose to a policymaker, the experts preferred
• Emissions trading over a tax (no trade-off required)
• Broad coverage over narrow
• Revenue use for green infrastructure or vulnerable populations – but definitely not for the general public
5/7
December 17, 2024 at 7:22 PM
_Preferences_
When asked which policy they would propose to a policymaker, the experts preferred
• Emissions trading over a tax (no trade-off required)
• Broad coverage over narrow
• Revenue use for green infrastructure or vulnerable populations – but definitely not for the general public
5/7
When asked which policy they would propose to a policymaker, the experts preferred
• Emissions trading over a tax (no trade-off required)
• Broad coverage over narrow
• Revenue use for green infrastructure or vulnerable populations – but definitely not for the general public
5/7
_Perceptions_
Experts say emissions trading is similarly effective and more politically feasible than a carbon tax
A broad policy seems similarly effective as a narrowly targeted one, but far less feasible
Spending funds on compensation is seen as less effective but more politically feasible
4/7
Experts say emissions trading is similarly effective and more politically feasible than a carbon tax
A broad policy seems similarly effective as a narrowly targeted one, but far less feasible
Spending funds on compensation is seen as less effective but more politically feasible
4/7
December 17, 2024 at 7:22 PM
_Perceptions_
Experts say emissions trading is similarly effective and more politically feasible than a carbon tax
A broad policy seems similarly effective as a narrowly targeted one, but far less feasible
Spending funds on compensation is seen as less effective but more politically feasible
4/7
Experts say emissions trading is similarly effective and more politically feasible than a carbon tax
A broad policy seems similarly effective as a narrowly targeted one, but far less feasible
Spending funds on compensation is seen as less effective but more politically feasible
4/7
As part of a larger survey (hdl.handle.net/10986/42093), we asked experts to choose between alternative designs for a carbon pricing policy in Carbonia, a fictional developing country with relatively strong government capacity, high inequality, and substantial oil and gas production.
3/7
3/7
![In the context of Carbonia, consider the following designs: [table with two policies and designs for instrument, coverage, and revenue use]. Which would be more technically effective (reducing emissions)? Which would be more politically feasible (easily adopted)? Which would you propose to the policymaker?](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:5wyjqwfaotagdzr6xz7bjrqk/bafkreicqz3lxursech56lrj5mnm3acg2rakezlmoo7q33bwbpwhnmxljeq@jpeg)
December 17, 2024 at 7:22 PM
As part of a larger survey (hdl.handle.net/10986/42093), we asked experts to choose between alternative designs for a carbon pricing policy in Carbonia, a fictional developing country with relatively strong government capacity, high inequality, and substantial oil and gas production.
3/7
3/7
Carbon pricing isn't just for wealthy countries! The policy has already been adopted by 16 developing countries (dark green) & is under consideration in more than a dozen others (light green)
Why do Global South policymakers prefer some carbon pricing policies over others? We investigated 🔎
2/7
Why do Global South policymakers prefer some carbon pricing policies over others? We investigated 🔎
2/7
December 17, 2024 at 7:22 PM
Carbon pricing isn't just for wealthy countries! The policy has already been adopted by 16 developing countries (dark green) & is under consideration in more than a dozen others (light green)
Why do Global South policymakers prefer some carbon pricing policies over others? We investigated 🔎
2/7
Why do Global South policymakers prefer some carbon pricing policies over others? We investigated 🔎
2/7