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4min chapter
Josh Younger on the Soaring Cost of Climate Change and Understanding the SLR
Odd Lots
Climate Change Is the Most Important Example of a Real Market Failure
Climate change is the most important and obvious example of a real market failure. Capital markets in general are just really bad at long-term planning. So, it means that the risk priced in the markets is much more along the lines of how is the government gonna react today rather than what is the net impact considering potential action.
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