Katharina Pistor | Project Syndicate | September 21, 2021

It is perfectly understandable that major corporations and private financial institutions would rally behind new disclosure standards and other market-based measures to address climate change. It is an approach that allows the owners of capital yet another way to avoid a real reckoning.

Why is that? And what can be done about it? These are the questions that Nikhar Gaikwad, Assistant Professor of Political Science at Columbia University, and Gareth Nellis, Assistant Professor of Political Science at the University of California, San Diego, have sought to examine in much of their research.

Originally published by Project Syndicate. Read the full article here.