AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Why It Matters
Why Climate Matters: Pricing Climate
Jan 29, 2025
In this discussion, Kate Mackenzie, Green columnist for Bloomberg, and Michael Greenstone, Professor of Economics at the University of Chicago, dive into the urgent need for climate pricing mechanisms like carbon taxes. They explore the economic impact of climate change and the struggle against corporate greenwashing amid rising fossil fuel investments. The conversation highlights the crucial role of international agreements like the Paris Accord and the pressing need for regulatory reforms to reshape corporate sustainability and prioritize genuine climate action.
35:37
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The shift in the financial sector reflects a troubling trend of prioritizing short-term profits over the urgent need for climate action.
- Effective regulatory frameworks, like carbon taxes, are essential in driving systemic change and incentivizing businesses towards sustainable practices.
Deep dives
The Financial Implications of Climate Change
The discussion highlights the shifting perspective on climate risk within the financial sector, noting how Larry Fink, CEO of BlackRock, previously emphasized the investment risks tied to climate change but later withdrew from the Net Zero Asset Managers Initiative. This change reflects a growing trend among financial institutions to prioritize short-term gains over long-term sustainability, as various banks and asset managers have recently distanced themselves from climate action groups. The emphasis on financial metrics as a means to address climate change has gained traction, though it may risk overlooking the urgency of the situation. Ultimately, viewing climate change through an economic lens attempts to engage those who might be averse to more politicized discussions about environmental issues.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode