Tackling Climate Change Requires Organizational Purpose

Rebecca Henderson and George Serafeim

AEA Papers and Proceedings, 2020, vol. 110, 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.

JEL-codes: Q54 Q55 Q58 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (10)

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DOI: 10.1257/pandp.20201067

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