It isn’t just the effects of climate change that could destabilize the financial system, it’s also fossil fuel assets losing value. The good news is that central banks can fix it.
- Associate Professor of Economics, Georgia State University
The IRS already has all the info it needs from 40% of filers, yet lobbying by tax preparers is stymieing efforts to make the filing process simpler.
Multiple studies have found the overall impact on labor markets to be minor, even if some workers will need new career paths.
But many new governors and members of Congress intend to take action on climate change.
Environmentalists and climate hawks are cheering, but many experts aren’t excited about the state making rooftop solar panels mandatory on most new homes beginning in 2020.
Many parts of the US have experienced extreme heat or extreme cold in the past year. Recent research projects that climate change will increase deaths from both types of weather, especially cold spells.
Blocking the sun by injecting tiny particles in the atmosphere – called solar geoengineering – can lower the Earth’s temperature but has some real costs. Economists run the numbers.
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