NYT: "Dilemma on Wall Street: Short-Term Gain or Climate Benefit?"
by Lydia DePillis
First link in article to "Synthesis of evidence yields high social cost of carbon due to structural model variation and uncertainties":
A team of economists recently analyzed 20 years of peer-reviewed research on the social cost of carbon, an estimate of the damage from climate change. They concluded that the average cost, adjusted for improved methods, is substantially higher than even the U.S. government’s most up-to-date figure.
Final link in article to "Carbon Dioxide as a Risky Asset":
According to new research, the benefit is greater when decarbonization occurs faster, because the risks of extreme damage mount as time goes on. But without a uniform set of rules, someone is bound to scoop up the immediate profits, disadvantaging those that don’t — and the longer-term outcome is adverse for all.
From: "Dilemma on Wall Street: Short-Term Gain or Climate Benefit?" by Lydia DePillis, New York Times (20 June 2024).
