Life on Planet A

#46: Is Climate Change an Economic Risk?


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Yes. According to many economists, climate change poses the biggest long-term threat to the global economy.  This week Heidi and Bella strapped on their economist hats to review our month on economy and understand:

  • what is economic risk?
  • what risk does climate change pose to the economy?
  • how do we calculate such risk? (hint: DICE)
  • is the Paris climate agreement useful or redundant?
  • what can governments do to halt climate change?

This left us thinking, what is the solution? "I dont know any question to which the answer is so simple as what is the most efficient climate policy - it’s harmonised carbon prices around the world." - Professor William Nordhaus.

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Life on Planet ABy Heidi and Bella