• Research
  • Strategic Europe
  • About
  • Experts
Carnegie Europe logoCarnegie lettermark logo
EUUkraine
  • Donate
{
  "authors": [
    "Francis Fukuyama"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace"
  ],
  "collections": [],
  "englishNewsletterAll": "democracy",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "DCG",
  "programs": [
    "Democracy, Conflict, and Governance"
  ],
  "projects": [],
  "regions": [],
  "topics": [
    "Climate Change"
  ]
}
REQUIRED IMAGE

REQUIRED IMAGE

In The Media

How to Think about Climate Policy

With regard to the first issue, some learning has taken place. There seems to be general recognition that punitive policies to reduce emissions don’t generally work. This is why cap-and-trade was implemented in Europe and in US states like California in preference to the economists’ favorite carbon tax solution.

Link Copied
By Francis Fukuyama
Published on Jan 17, 2023

American Purpose

About the Author

Francis Fukuyama

Former Nonresident Scholar, Democracy, Conflict, and Governance Program

Francis Fukuyama was a nonresident scholar in Carnegie’s Democracy, Conflict, and Governance Program, where his research focuses on democratization and international political economy.

Francis Fukuyama
Former Nonresident Scholar, Democracy, Conflict, and Governance Program
Francis Fukuyama
Climate Change

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Europe

  • Commentary
    Strategic Europe
    Geopolitical Europe Needs Air-Conditioning

    Western Europe’s dual-use infrastructure melted down during its latest heat wave. If a predicted hot weather event can take the continent by surprise, what chance does it have to withstand unexpected geopolitical crises?

      • Rym Momtaz

      Rym Momtaz

  • Paper
    A Grand Strategy for Europe’s Clean Industrial Future

    Europe’s industrial supply chains leave it vulnerable to global shocks. The EU needs a pragmatic green industrial strategy that balances durable partnerships and bolsters homegrown clean tech without sacrificing low-carbon ambition.

      Milo McBride, Pauline Gerard

  • Commentary
    Strategic Europe
    The Climate Blind Spot in Europe’s New Migration Pact

    The EU’s new migration policy is not suited to today’s realities. With climate change increasingly becoming a driver of displacement, Europe needs to rethink its deterrence-focused approach.

      • Shana Tabak headshot

      Shana Tabak

  • Climate desalination plant Saudi Arabia
    Paper
    Ecological Statecraft in the Midst of War: Water, Regeneration, and the Future of Gulf Security

    The U.S.-Iran war has crossed a dangerous threshold: water infrastructure in the Gulf is now a target. Ecological statecraft is no longer peripheral to security, it's part of its foundations.

      • Ali Bin Shahid

      Olivia Lazard, Ali Bin Shahid

  • Commentary
    Strategic Europe
    How the EU Can Become Energy Independent

    The closure of the Strait of Hormuz has triggered a global energy crisis, but Europe is stuck in reaction mode. Without more strategic foresight, the EU will remain dependent on fossil fuels and will never be truly secure.

      Milo McBride, Pauline Gerard

Get more news and analysis from
Carnegie Europe
Carnegie Europe logo, white
Rue du Congrès, 151000 Brussels, Belgium
  • Research
  • Strategic Europe
  • About
  • Experts
  • Projects
  • Events
  • Contact
  • Careers
  • Privacy
  • For Media
  • Gender Equality Plan
Get more news and analysis from
Carnegie Europe
© 2026 Carnegie Endowment for International Peace. All rights reserved.