Economists Want to Know How Climate Change Raises Prices
The impacts of a warming world are showing up in the cost of living
Central bankers and investors are busy trying to parse the inflationary impacts of the war in the Middle East. The task is much more complicated when it comes to calculating how climate change affects the cost of living.
Today’s newsletter looks at the growing field of economics where researchers are trying to pinpoint the effects of global warming on consumer prices. Plus, a look at the meeting in Santa Marta, Colombia, where a coalition of countries are working on road maps to move away from fossil fuels.