This week's US Economic Experts Panel statements:
Sound policy would involve increasing significantly the currently near-zero price of emissions of carbon dioxide and other greenhouse gases.
Keyword: physical risks
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This week’s IGM European Economic Experts Panel statements:
A) Under current policies on climate change, the associated physical risks (such as those arising from total seasonal rainfall and sea level changes, and increased frequency, severity, and correlation of extreme weather events) will be at most a very small factor in monetary policy decisions over the next decade.
B) The physical risks associated with climate change under current policies are likely to threaten financial stability over the next decade.
This week’s IGM Economic Experts Panel statements:
A) Under current policies on climate change, the associated physical risks (such as those arising from total seasonal rainfall and sea level changes, and increased frequency, severity, and correlation of extreme weather events) will be at most a very small factor in monetary policy decisions over the next decade.
B) The physical risks associated with climate change under current policies are likely to threaten financial stability over the next decade.
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