Pace of Climate Change Sends Economists Back to
Drawing Board
https://www.nytimes.com/2022/08/25/business/economy/economy-climate-change.html
Heather Boushey, a member of the White House’s Council of Economic Advisers who handles climate issues, says the field is learning that simply tinkering with prices won’t be enough as the climate nears catastrophic tipping points, like the evaporation of rivers, choking off whole regions and setting off a cascade of economic effects.
“So much of economics is about marginal changes,” Dr. Boushey said. “With climate, that no longer makes sense, because you have these systemic risks.” She sees her current assignment as similar to her previous work, running a think tank focused on inequality: “It profoundly alters the way people think about economics.”
Inflation Reduction Act’s Real Climate Impact Is a Decade Away
https://www.wsj.com/articles/inflation-reduction-acts-real-climate-impact-is-a-decade-away-11661342401
https://www.nytimes.com/2022/08/25/business/economy/economy-climate-change.html
Heather Boushey, a member of the White House’s Council of Economic Advisers who handles climate issues, says the field is learning that simply tinkering with prices won’t be enough as the climate nears catastrophic tipping points, like the evaporation of rivers, choking off whole regions and setting off a cascade of economic effects.
“So much of economics is about marginal changes,” Dr. Boushey said. “With climate, that no longer makes sense, because you have these systemic risks.” She sees her current assignment as similar to her previous work, running a think tank focused on inequality: “It profoundly alters the way people think about economics.”
Inflation Reduction Act’s Real Climate Impact Is a Decade Away
https://www.wsj.com/articles/inflation-reduction-acts-real-climate-impact-is-a-decade-away-11661342401