The political economy of climate transition

Climate transition is hotly debated in EU circles as it impacts
all areas of policy: from the ambitious climate targets set by
the President of the European Commission with the European Green
Deal, to the discussions of the next budget of the Union and the
recovery plan from the current pandemic.



The topic is especially important for 2021 with a new US
administration more likely to engage on climate change, a
commitment for carbon neutrality in 40 years by China and the
delayed COP26 under the leadership (or not) of the United
Kingdom. Any European debate is certain to have an important
impact on a regional and national level, but will also influence
the global trajectory of climate policy.



In this episode of the Sound of Economics, Giuseppe Porcaro hosts
Heather Grabbe, director of the Open Society European Policy
Institute in Brussels, Piotr Arak, Director of the Polish
Economic Institute from Warsaw and Simone Tagliapietra, research
fellow at Bruegel (joining from Italy) for a conversation on the
political economy of the climate transition as covering the
European Green deal, the concept of “green industrial policy”,
and distributional challenges of decarbonisation.