FLI: Climate Changemakers - Economy of Climate Change
Date: Tuesday, April 18, 2023 | 07:00 pm - 08:00 pm EDT
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Does climate change affect our economy? Many regard it as tied strictly to environmental impacts, but climate change also influences economic structures. Projected increases in extreme weather events are expected to affect overall economic productivity, business investment, and specific sectors, such as housing and transportation. Nearly one-third of U.S. housing stock, billions of dollars of property, could be at high risk of being rendered unusable by flooding; extreme weather may increase delays and damage to our transportation infrastructure, which supports the production and movement of goods and services, adding to production costs and interfering with consumption. While there are many economic approaches to reducing CO2 output (e.g., ESG funding, cap and trade, dynamic energy pricing, etc.), there is no consensus on the best way to model the economic effects of climate change. Join us as we discuss what can be done in the battle between climate change and GDP.
Brian Murray M.S.'87, Ph.D.'92, Interim Director, Nicholas Institute for Energy, Environment and Sustainability and Research Professor, Nicholas School of the Environment
Emma Rasiel Ph.D.'03, Richard Y. Li Professor of the Practice, Economics, Trinity College of Arts & Sciences
Sara Sutherland, Lecturer, Sanford School of Public Policy