Skip to main content
Official Logo of Columbia Business School
Academics
  • Visit Academics
  • Degree Programs
  • Admissions
  • Tuition & Financial Aid
  • Campus Life
  • Career Management
Faculty & Research
  • Visit Faculty & Research
  • Academic Divisions
  • Search the Directory
  • Research
  • Faculty Resources
  • Teaching Excellence
Executive Education
  • Visit Executive Education
  • For Organizations
  • For Individuals
  • Program Finder
  • Online Programs
  • Certificates
About Us
  • Visit About Us
  • CBS Directory
  • Events Calendar
  • Leadership
  • Our History
  • The CBS Experience
  • Newsroom
Alumni
  • Visit Alumni
  • Update Your Information
  • Lifetime Network
  • Alumni Benefits
  • Alumni Career Management
  • Women's Circle
  • Alumni Clubs
Insights
  • Visit Insights
  • Digital Future
  • Climate
  • Business & Society
  • Entrepreneurship
  • 21st Century Finance
  • Magazine
Insights
  • Digital Future
  • Climate
  • Business & Society
  • Entrepreneurship
  • 21st Century Finance
  • Magazine
  • More 

Advice to the Next US President: Climate Change

Government's role in tackling global warming is crucial, says Geoff Heal, a Chazen Senior Scholar. Here's how it can be done.

Published
October 7, 2020
Publication
Business & Society
Focus On
Climate
Jump to main content
Article Author(s)
Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise

Geoffrey Heal

Donald C. Waite III Professor Emeritus of Social Enterprise in the Faculty of Business
Economics Division
Bernstein Faculty Leader
Bernstein Center for Leadership and Ethics
Melting globe
Category
Thought Leadership
Topic(s)
Climate and Policy, Climate and Solutions, Economics and Policy, Energy Transition, Hydrogen

About the Researcher(s)

Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise

Geoffrey Heal

Donald C. Waite III Professor Emeritus of Social Enterprise in the Faculty of Business
Economics Division
Bernstein Faculty Leader
Bernstein Center for Leadership and Ethics

0%

Dear Mr. President:

Take climate change seriously. 

The US has to end the use of fossil fuels in electricity production; transportation; and heating of space, water and industrial processes.

Decarbonizing power production is actually easier than most people think. Renewable energy is less expensive than coal or gas, so we can save money by switching. Provide some incentives to adopt renewables – such as production tax credits and renewable portfolio standards – and the market will take care of this at little cost to the taxpayer. Don't spend a lot of money here because it's not needed and can be used better elsewhere (see below).

The car market is about to decarbonize by switching to electric vehicles. The government should accelerate this by strengthening the CAFE standards and subsidizing the installation of electric charging outlets and giving a tax deduction on electric vehicles. All of this will promote rapid decarbonization of the car market and again at little cost to taxpayers.

Aviation and shipping are more problematic. They will need some governmental encouragement: they can switch to biofuels or hydrogen. We need R&D here.

Decarbonization of heating is probably the hardest task we face in combatting climate change. New buildings can use heat pumps at no extra cost from conventional systems and should be required to do so, but retrofitting existing buildings is costly. The Federal government will need to provide incentives for this.

Climate change is a major threat to our way of life. Most of the population recognizes this and will give you credit for tackling it.

About the Researcher(s)

Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise

Geoffrey Heal

Donald C. Waite III Professor Emeritus of Social Enterprise in the Faculty of Business
Economics Division
Bernstein Faculty Leader
Bernstein Center for Leadership and Ethics

You Might Like

Business and Society, Diversity, Ethics and Leadership, Globalization, Leadership, Leadership and Strategy, Management, Social Impact
Date
February 04, 2025
A protestor holding a placard
Business and Society, Diversity, Ethics and Leadership, Globalization, Leadership, Leadership and Strategy, Management, Social Impact

When Should Companies Take a Stand? The Risks and Rewards of Corporate Activism

New CBS research explores the factors driving inconsistent corporate stances on global sociopolitical issues and the risks that come with them.
  • Read more about When Should Companies Take a Stand? The Risks and Rewards of Corporate Activism about When Should Companies Take a Stand? The Risks and Rewards of Corporate Activism
Business and Society, Leadership
Type
Business & Society
Date
January 23, 2025
Business and Society, Leadership

The Wall and the Bridge with Glenn Hubbard

Taking Adam Smith’s logic to Youngstown, Ohio, as a case study in economic disruption, Hubbard discusses the benefits of an open economy and creating bridges to support people in turbulent times so that they remain engaged and prepared to participate in, and reap the rewards of, a new economic landscape.
  • Read more about The Wall and the Bridge with Glenn Hubbard about The Wall and the Bridge with Glenn Hubbard
Elections, Marketing, Politics
Type
Business & Society
Date
October 10, 2024
Elections, Marketing, Politics

The Rise of Meddle Ads in Political Campaigns—and Why They’re Backfiring

Watch Professor Mohamed Hussein describe this new approach to political campaigning and explain why it might not always have the desired impact.
  • Read more about The Rise of Meddle Ads in Political Campaigns—and Why They’re Backfiring about The Rise of Meddle Ads in Political Campaigns—and Why They’re Backfiring
Business and Society, Labor, Leadership
Date
September 05, 2024
CBS Photo Image
Business and Society, Labor, Leadership

The Power of New Hires: How Fresh Talent Shapes Company Culture

A company's culture can significantly impact its financial performance, employee retention, and the overall well-being of its employees, according to new research from Professor Wei Cai.
  • Read more about The Power of New Hires: How Fresh Talent Shapes Company Culture about The Power of New Hires: How Fresh Talent Shapes Company Culture
Save Article

Download PDF

More to Explore
Share
  • Share on Facebook
  • Share on Threads
  • Share on LinkedIn

External CSS

Homepage Breadcrumb Block

Official Logo of Columbia Business School

Columbia University in the City of New York
665 West 130th Street, New York, NY 10027
Tel. 212-854-1100

Maps and Directions
    • Centers & Programs
    • Current Students
    • Corporate
    • Directory
    • Support Us
    • Recruiters & Partners
    • Faculty & Staff
    • Newsroom
    • Careers
    • Contact Us
    • Accessibility
    • Privacy & Policy Statements
Back to Top Upward arrow
TOP

© Columbia University

  • X
  • Instagram
  • Facebook
  • YouTube
  • LinkedIn