Written by: Doug Noonan, Paul H. O’Neill Professor
Addressing climate change is not only about finding viable, effective policies, it’s also about recognizing and addressing the myriad barriers on our path to solutions. Political gridlock, special interests, and policy whiplash whenever a polarized electorate flips party control all hold us back from finding ways to renew and sustain economic growth, curb wasteful and unfair government regulation, and foster new opportunities and innovation.
The challenges facing our society are simply too complex, too dispersed, and too localized to rely on crude, top-down fixes. As such, climate challenges do not imply one particular policy response. In fact, we can often look to the private sector to find complementary approaches to policy.
Case in point: The great success story in green building. The building environment accounts for 40% of total carbon emissions. As a result, the industry needed a renovation. Greening our buildings is a massive opportunity to usher in innovation, economic growth, and better performance.