2min chapter

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Ep281 - Gernot Wagner | Climate Shock

Talks at Google

CHAPTER

Climate Change

What we don't know basically means that things will just be much more costly than we can imagine. What's driving the fact that we're talking about climate change at all is in fact what economists would call of a free rider problem. It's not in anyone's personal short term immediate economic interest to do enough or for that matter is it possible to do enough as an individual to solve this problem by decreasing CU2 emissions? "I would even question this statement whether it would be good overall," he says.

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