CleanTechnica•3 months ago
How Climate Economics Got the Risks Wrong
- •New research indicates widely used economic models significantly underestimate climate change risks by smoothing impacts over time, implying more severe and rapid consequences than previously assumed.
- •For developers, this signals potential for accelerated policy shifts towards decarbonization, stricter emissions regulations, and increased scrutiny on long-term fossil fuel asset viability.
- •Large power consumers should anticipate higher future carbon costs, increased physical risks to infrastructure (e.g., extreme weather), and potentially more volatile energy markets as climate impacts intensify.
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