Tackling Climate Change Requires Organizational Purpose
AEA Papers and Proceedings
vol. 110,
May 2020
(pp. 177-80)
Abstract
The public debate about how to tackle climate change has been overwhelmingly dominated by the assumption that it can be solved through the adoption of an appropriate pricing regime. This paper argues that while the development of such a regime will be critical to slowing climate change, it is a necessary, but not a sufficient, condition. We argue that it will also be important to accelerate rates of innovation and cooperation across the economy and that one important tool for doing this is the active encouragement of the development of authentically "purpose-driven" organizations.Citation
Henderson, Rebecca, and George Serafeim. 2020. "Tackling Climate Change Requires Organizational Purpose." AEA Papers and Proceedings, 110: 177-80. DOI: 10.1257/pandp.20201067Additional Materials
JEL Classification
- Q54 Climate; Natural Disasters and Their Management; Global Warming
- Q55 Environmental Economics: Technological Innovation
- Q58 Environmental Economics: Government Policy