Is climate change an economic crisis?

Some believe economic problems could arise from a warming planet and humanity's efforts to tackle it

Climate activists at a protest in Minnesota in the US in July. Some activists have argued that current Federal Reserve chair Jerome Powell should be replaced by someone with stronger credentials as a climate hawk.
Climate activists at a protest in Minnesota in the US in July. Some activists have argued that current Federal Reserve chair Jerome Powell should be replaced by someone with stronger credentials as a climate hawk.PHOTO: AGENCE FRANCE-PRESSE

(NYTIMES) - The climate crisis is at high risk of becoming an economic crisis.

That is an increasingly widespread view among leading economic thinkers - that a range of economic and financial problems could result from a warming planet and humanity's efforts to deal with it. But if you believe that to be true, what should the United States' economist-in-chief do about it?

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