This thought piece identifies three crises facing international law on climate change-normative, economic, and legitimacy crises. It briefly explains each crisis and argues that states should be guided by their moral compass in addressing climate change

When things go wrong, it is always good to find someone to blame. As the credit crisis started to unfold in 2007, credit rating agencies (“CRAs”) emerged as the villain – or scapegoat, one might say – for commentators and regulators alike. To sum up, observers accused CRAs of doing a...

In 2009, the promise of a comprehensive federal cap and trade bill to address climate change fell apart. At least in part, this was due to the fears that exotic 'carbon' financial instruments might cause more financial crises. As California launches it economy wide carbon trading system, and...

Hindsight tells us that COVID-19, thought by Trump and others to have come out of nowhere, is more aptly labelled a “gray rhino” event, one that was highly probable and one that we had the power to prevent. Indeed, despite considerable evidence of the impending threats of pandemics, for the...

The outbreak of COVID-19 resulted in a serious economic contraction. The design of economic recovery packages could impact countries’ trajectories towards a sustainable low-carbon economy. This paper investigates the impacts of green recovery packages on the climate, i.e., mitigation...