How Nobel award-winning economists are working to fight climate change. In partnership with UBS ad NobelPerspectives
and plans to mitigate the effects are on the table across the globe. With the number of environmental economists on the rise, are we closer to a solution?
There are proposals on the table in many countries, including the US, China, and Canada."If we don't manage to put a price on carbon, we can't solve the problem for two reasons," explains Spence."One, we create an incentive to overuse fossil fuels and generate carbon dioxide; and second, the new technologies that are clean are disadvantaged because one output of the old technology, the fossil fuels, is not being priced properly, in this case negatively.
While international agreements are crucial, Spence sees most of the progress in the area of individual engagement."Tens of thousands of people are in one way or another directly working on this," he says."That's good. It's essential."Spence emphasizes that one approach alone won't be sufficient; you need to change the mindset of people and deliver a better understanding of the positive outcomes it would carry.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
SAP Works With Activists And Designers To Find New Solutions To Climate ChangeDesigners like Vivienne Westwood gathered at the LDF Global Design Forum sponsored by SAP to discuss the role of design in finding innovative and sustainable solutions to the biggest crisis humanity has ever faced.
Read more »
Watch Queen + Adam Lambert, Pharrell, Carole King Perform at Global Citizen FestMusicians and activists gathered for the annual concert event to end extreme poverty and fight climate change
Read more »
Thousands attend Global Citizen Festival in Central ParkThousands pack Central Park in NYC for the GlobalCitizenFestival, an event aimed at eradicating extreme poverty and tackling climate change.
Read more »
AI, The Great Depression And Satoshi Nakamoto: Robert Shiller’s Narrative Economics Is A Cautionary Tale For Our TimesIn a new book, Yale's Nobel Laureate economist Robert Shiller warns of the consequences of viral narratives that turn into epidemics.
Read more »