Cost of Carbon: What Financial Markets Can Teach Us About Managing Climate Risks

Cost of Carbon By MICHAEL GREENSTONE April 4, 2017 Say an investor had only two options of what to put money in: gold or stocks. Gold has an average annual rate of return of 3 percent, while the stock market delivers a healthier 5 percent. Which should the...

Cost of Carbon: What Financial Markets Can Teach Us About Managing Climate Risks

Cost of Carbon By MICHAEL GREENSTONE April 4, 2017 Say an investor had only two options of what to put money in: gold or stocks. Gold has an average annual rate of return of 3 percent, while the stock market delivers a healthier 5 percent. Which should the...