Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. An earlier version appeared at Project Syndicate

June 26, 2024 — Lethal heat waves this month hit the US and other regions throughout the Northern hemisphere, including the eastern Mediterranean, India, and Southeast Asia.  June will probably mark the 13th consecutive month of average global temperatures that exceed all observations in records going back to 1850.   The primary explanation is, of course, that emissions and concentrations of Greenhouse Gases (GHGs) have in recent years increased even more rapidly than had been feared.

A pleasant surprise

In one area, however, progress in the fight against global climate change has been greater than had been expected.  Use of solar power and other sources of renewable energy in the US and

Keep reading this article on Econbrowser Blog - James Hamilton & Menzie Chinn.

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