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LWVBC Climate Action Team Blog

Economics of Tackling Climate Change
By Susan Saunders
Posted: 2023-02-28T04:42:34Z

Here's an online presentation you might attend concerning the economics of addressing climate change now:


The economic case for tackling climate change now

Monday, March 6, 2023, 11:00 a.m. - 12:30 p.m. EST

Online only:

RSVP to watch

The dangers of global warming are increasingly evident—extreme weather, rising sea levels, wildfires, and melting glaciers—but there hasn’t been sufficient political will to take the steps needed to keep temperatures from rising more than 2 degrees Celsius, which scientists deem essential.


To examine the economic case for moving sooner rather than later, the Hutchins Center on Fiscal and Monetary Policy and the Center on Regulation and Markets at Brookings will convene a virtual conference on March 6 to discuss two recent papers. The first, by the IMF’s Tobias Adrian and coauthors, focuses on the benefits of phasing out coal as an energy source. Following the presentation, the World Bank’s Carolyn Fischer will react. The second, by Hutchins Nonresident Senior Fellow Glenn Rudebusch and coauthors, quantifies the inverse relationship between carbon prices and future temperatures, illustrating how climate policy choices determine climate outcomes. Following this presentation, Irene Monasterolo of EDHEC Business School will respond. Presenters and discussants. All four will then participate in a panel discussion on the broader implications of these issues.


Viewers can submit questions for speakers via email to, on Twitter using #ClimateEcon, or at using the code #ClimateEcon.



David Wessel, Senior Fellow and Director, Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution


Paper presentation - "The Great Carbon Arbitrage"

Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department, International Monetary Fund



Carolyn Fischer, Research Manager, Sustainability and Infrastructure Team, Development Research Group, World Bank


Paper presentation - "Climate policy curves: Linking policy choices to climate outcomes"

Glenn D. Rudebusch, Nonresident Senior Fellow, Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution



Irene Monasterolo, Professor of Climate Finance, EDHEC Business School, EDHEC-Risk Climate Impact Institute



Sanjay Patnaik, Bernard L. Schwartz Chair in Economic Policy Development, Fellow and Director, Center on Regulation and Markets, The Brookings Institution

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The Brookings Institution, 1775 Massachusetts Ave NW, Washington, DC 20036