Bloomberg: "A US Brain Drain Doesn’t Benefit Anyone"

By Lara Williams and Mark Gongloff

“The biggest factor here is simply the raw uncertainty of it all,” says Gernot Wagner, a climate economist at Columbia Business School. “If you’re a natural scientist with massive labs and post-docs and pre-docs and research assistants, and all your funding depends on one government agency that may be in the crosshairs of DOGE, that uncertainty is even larger.”

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The trend is clear. So are the challenges. One key task is to de-risk capital investments to lower costs. This is where public climate finance must play its most critical role – not as charity, but as leverage.

25 Jul 26