By Ben Geman
The bottom line: Climate economist Gernot Wagner, in an email, said that while “we can’t switch from high- to low-carbon investments overnight,” he cautions:
“Putting too much emphasis on the fact that some high-carbon investments will be necessary runs the danger of giving cover to those not wishing for the transition to happen at all.”
Quoted in: “A carbon quandary escape hatch” by Ben Geman, Axios (21 April 2022).