#46: Is Climate Change an Economic Risk?

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.


Support the show