HEATED - Behind the billionaire climate tax
Welcome back to HEATED—Arielle here. Today’s Q&A with economist Esther Duflo is for paid subscribers only, but we are still running our 20 percent off deal for Earth Month. So if you’re interested in supporting our independent climate journalism at a discount, please subscribe today. Behind the billionaire climate taxOne economist explains why taxing the rich and paying the poor isn't as far-fetched as you'd think. actually has a chance of becoming a reality
The climate crisis is extremely unaffordable. That’s the conclusion of a new study published in Nature last week, which found that global warming will cost $38 trillion every year by 2050. For comparison, the entire global economy is about $100 trillion per year. But one economist has a novel idea about how to pay for at least part of the bill. At a meeting of the world’s wealthiest countries and banks last week, Esther Duflo proposed that the richest people should compensate poor people for the climate damages they disproportionately caused. That money would be raised through a climate tax on billionaires and large corporations. Duflo is the youngest person and second woman to win the Nobel Prize in Economics. She is currently the president of the Paris School of Economics, and the co-founder and co-director of MIT’s Abdul Latif Jameel Poverty Action Lab. Duflo’s work on poverty pioneered using field experiments to test how well economic policies work in real life. I spoke with Duflo about why she proposed these specific climate taxes; how the richest nations in the world reacted to them; and why she thinks they might actually have a shot of becoming a reality...  Continue reading this post for free, courtesy of Emily Atkin.A subscription gets you:
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Nobel Prize-winning economist calls for climate tax on billionaires
Wednesday, April 24, 2024
And she called for the money to be sent directly to the world's most climate-vulnerable people. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Nobel Prize-winning economist calls for climate tax on billionaires
Wednesday, April 24, 2024
And she called for the money to be sent directly to the world's most climate-vulnerable people. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
An Earth Day response from Al Sharpton
Monday, April 22, 2024
Plus, an Earth Day poem from Mustafa Ali. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The only way to save coral reefs is to end fossil fuels
Thursday, April 18, 2024
One of the world's premier coral scientists calls for more "honest" messaging amid a global bleaching event. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
“Reprehensible”: Fossil fuel industry infiltrates civil rights convention
Tuesday, April 16, 2024
Al Sharpton invited methane representatives to his National Action Network convention, where they fear-mongered attendees about renewables. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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