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Burning Energy

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Add to Bookmarks Nov 25, 2021 The recent decision by the United States and other leading economies to release oil from their strategic stockpiles underlines the impact of rapidly rising global energy prices. As the northern winter approaches, will countries that continue to depend heavily on fossil fuels be able to accelerate their green transitions? In this Big Picture, Harvard University’s Jeffrey Frankel hopes that surging fossil-fuel prices will spur more aggressive US efforts to tackle climate change, and urges lawmakers to consider introducing a carbon

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The recent decision by the United States and other leading economies to release oil from their strategic stockpiles underlines the impact of rapidly rising global energy prices. As the northern winter approaches, will countries that continue to depend heavily on fossil fuels be able to accelerate their green transitions?

In this Big Picture, Harvard University’s Jeffrey Frankel hopes that surging fossil-fuel prices will spur more aggressive US efforts to tackle climate change, and urges lawmakers to consider introducing a carbon tax. Similarly,

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