Studio Stage: A Pro-Market Path to Decarbonization

Session Summary

Efforts to decarbonize the global economy have increasingly run into political and practical challenges, with top-down approaches often proving fragmented, slow, or contested. In this Studio Stage talk, Professor Karthik Ramanna explores a pro-market approach to decarbonization, highlighting how rigorous product-level emissions accounting – analogous to financial accounting – can enable markets to reward lower-emissions choices, drive competition, and align climate outcomes with economic incentives.