Carbonomics: Introducing the GS net zero carbon models and sector frameworks
23 June 2021

We present our modeling of the paths to net zero carbon, with two global models of de-carbonization by sector and technology, leveraging our Carbonomics cost curve. We present a scenario consistent with the Paris Agreement’s goal to keep global warming well below 2°C (GS <2.0°), and a more aspirational path, aiming for global net zero by 2050, consistent with limiting global warming to 1.5°C (GS 1.5°). We expect a cumulative US$56 tn of green infrastructure investments to net zero, reaching >2% of GDP by 2032 in the GS 1.5° scenario. We translate our global net zero models into pathways for emission intensity reduction for 30 key emitting corporate industries, providing a framework for gauging corporate emission reduction targets.

Bidenomics - Evolution or Revolution
June 29, 2021
As President Biden’s economic agenda—“Bidenomics”—takes center stage in Washington DC, how big of a shift in US economic policy it represents, and the economic and market implications of what actually passes, are Top of Mind. We get insights from Harvard’s Jason Furman, CEPR’s Dean Baker, Stanford’s David Brady, and our own analysts. Their views differ on the extent to which Bidenomics truly marks a policy shift, and despite recent progress toward a bipartisan infrastructure bill, all see major challenges to passing much of Biden's agenda in this manner, and greater odds that more of it passes under a party-line approach.

 

Crypto: a new asset class?
May 24, 2021
Amid the recent volatility in cryptocurrencies, we ask experts whether cryptos can and should be considered an institutional asset class, including Galaxy’s Michael Novogratz, NYU’s Nouriel Roubini, Grayscale’s Michael Sonnenshein, and GS’s own Mathew McDermott. And GS research analysts also weigh in. We then speak to former SEC advisor Alan Cohen, Trail of Bits’ Dan Guido, and Chainalysis’ Michael Gronager to explore the regulatory, technological, and security obstacles to further institutional adoption. 

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