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When the solution seems so clear, how can one make world leaders think beyond the next 2 to 3 years?
David Pearce, of the Centre for International Economics, has been studying the economic effects of climate change and related issues for over 30 years.
Over recent times in Australia alone, we've experienced increasing economic threats due to floods, bushfires, and natural disasters. Being a coastal nation, sea levels rising will affect most of our major cities in the near future. Maintaining agricultural productivity, more droughts or floods, and heat stress, in general, will also be of particular concern.
The estimated cost of climate change itself to the Australian economy is predicted to be between 2-6% GDP. It is also in our interest to be part of international efforts to reduce emissions and to encourage other larger polluting countries to lower theirs.
In this episode, we explore the opportunities available and what might be hindering more rapid progress from both the Government and private sector.
