Economic imperatives of climate action

MOST people worldwide, in view of all the scientific evidence, now rank climate change as a top global risk. That sentiment, however, is not matched by economic policy shaping climate investments in countries.

This disconnect between scientific knowledge and policy action must be tackled with a great sense of urgency, as studies reveal new alarming projections of rising climate damages, such as dangerous sea-level rises in South-east Asia.

Among the salient considerations, a new book* puts the spotlight on glaring gaps in the thinking of mainstream economics that need to be filled to gain traction in climate policy.