The COP28 summit just got underway in Dubai, a region known for oil production. On today’s show we’re going to look at a recently published paper  coauthored by Kelly Shue of Yale SOM and Samuel Hartzmark of the Carroll School of Management at Boston College.

This paper shows categorically that the penalties imposed on high polluting firms actually don’t have the desired effect and in many cases can be counter productive to the stated goal. 


Host: Victor Menasce