The Pie: An Economics Podcast
The Uncertainties of Climate Change
Jul 15, 2024
Professors David Keith, Franklin Allen, and José Scheinkman discuss incentivizing climate change solutions. Topics include restructuring market incentives, Amazon reforestation, financial innovations, fusion technology, and challenges in governmental solutions. The podcast explores the role of finance in driving environmental change and the importance of collaboration for achieving net zero emissions.
44:48
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Quick takeaways
- Cooperation and political consensus are crucial for effective global climate policies.
- Preserving the rainforest is essential for carbon capture, highlighting the need for reforestation efforts.
Deep dives
Challenges in Climate Change Policy and Finance
Decarbonizing quickly requires a significant percentage of GDP, raising the question of whether financial incentives alone can achieve this without government intervention. Discussions include restructuring market incentives, natural solutions like rainforest preservation for reducing CO2, and solar geoengineering. The debate centers on the need for cooperation and political consensus on climate policies at a global scale.
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