Economics Matters with Laurence Kotlikoff Modeling Our Climate Future: Economic Insights with Professor Kotlikoff
Take the guesswork out of financial decisions at every stage of life with Maxifi: https://maxifiplanner.com/. Designed by Economist Laurence Kotlikoff.
Professor Kotlikoff goes deep on climate economics, and Its founder, Economic Nobel Price winner William Nordhaus. A small army of climate economists have followed in Nordhaus' footsteps in modeling climate change and how to fix it. In the process, they've inadvertently started a climate war, pitting the young against the old and climate-endangered countries against carbon-producing countries
Professor Kotlikoff sounds the alarm that climate change is not down the road or around the corner. It's here. The evidence, for those who respect evidence, is unmistakable. The only question is how to stop it. He lists what he believes are requirements to rethink climate economics and solve this existential threat once and for all.
Topics Covered:
- The Economy and the Environment
- Policy-making for a Sustainable Future
- The Role of Technology in Climate Mitigation
- Fostering International Cooperation
Time Stamps:
00:00 Economist criticizes modeling's impact on climate change.
05:58 Greta suggests solutions for climate change problem.
14:58 Little evidence of current generations caring about future.
19:12 Wrong economic model leads to climate change.
24:27 Italian economist's genius solution to externalities.
33:00 Economists simplify simulation for representative household model.
34:32 Climate change skepticism addressed by proposing solutions.
41:39 Study shows 4.3% gain in consumption.
47:50 Model predicts global emissions, economic decline in India.
55:25 Urgent need for global climate compensation calculations.
59:48 Paper discusses carbon risk and uncertainty implications.
01:02:09 Carbon risk taxation could justify $100+ tax.
You will come away from this episode armed with a deeper understanding of the interplay between economics and the environment and the critical need for proactive policy-making that prioritizes sustainable growth. Professor Kotlikoff's unique perspectives will enlighten anyone interested in the future of our planet and the economic structures that support it.
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Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.
Follow Professor Kotlikoff:
Facebook: kotlikoff
Twitter: @kotlikoff
LinkedIn: laurencekotlikoff
Substack: https://larrykotlikoff.substack.com/
Books: https://kotlikoff.net/books/
Company: https://maxifiplanner.com/