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By Adam Michael Bauer and Gernot Wagner
CHICAGO/NEW YORK—The AI race is already generating forces that are transforming the global economy. That makes it surprisingly similar to the green transition, given the potential of both to upend traditional industries, labor markets, and geopolitical balances. Both
1. Do you expect that the Iran conflict and the resulting rise in fossil fuel prices will accelerate the build-up of renewable energy?
Yes, and it’s already happening. Oil prices spiked within days of the bombing on February 28th, and fuel costs remain high and volatile. The ripple effects are already being felt in form of “
Written testimony [PDF] concerning A-3735 / S-2338 Polluters Pay to Make New Jersey More Affordable Act, submitted on June 4th, 2026 [
Fig. 1 | Spatial Crude Oil Price Equilibrium Model (SCOPE) outputs modeling supply disruptions at key maritime chokepoints and pipelines. a, shows the global map of oil fields (supply), refineries (demand), and key shipping routes and pipelines, as well as maritime chokepoints. b, plots model outputs for a time...
One big misconception about adaptation is that it's some do-gooder thing the greens would want us to do, but the serious people of energy here just shouldn't. Gernot "juggernaut without the jug" Wagner, I'm a climate economist at Columbia Business School.
We basically know that the problem are misguided market forces that are not guiding things in the right direcetion, ...