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'Immediate and drastic.' The climate crisis is seriously spooking economists

'Immediate and drastic.' The climate crisis is seriously spooking economists
kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.

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Benefits of 'drastic' climate action outweigh costs: economists

Benefits of 'drastic' climate action outweigh costs: economists
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The Social Cost of Carbon Gets an Interim Update from the Biden Administration - Union of Concerned Scientists

Los Angeles looking from Hollywood at dawn/Getty Images
The Social Cost of Carbon Gets an Interim Update from the Biden Administration
Rachel Cleetus,
Policy Director and Lead Economist, Climate & Energy | March 2, 2021, 9:28 am EDT
This post is a part of a series on
Last Friday, the Biden administration announced an interim update to the social cost of heat-trapping emissions, key metrics for measuring the economic costs of climate impacts from a unit increase in these emissions.
This update to the social cost of carbon dioxide, methane and nitrous oxide comes as a result of an Executive Order from President Biden, and essentially restores the values to what they were prior to the Trump administration, adjusting for inflation. A more thorough process will follow to update these values by January 2022 to reflect the latest science and economics. ....

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Blog: Acting SEC Chair directs Corp Fin to focus on climate | Cooley LLP

Blog: Acting SEC Chair directs Corp Fin to focus on climate | Cooley LLP
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Blog: Advocates make their voices heard on mandatory climate disclosure | Cooley LLP

Reuters, Acting Corp Fin Director John Coates remarked during a conference on climate finance that the SEC “‘should help lead’ the creation of a disclosure system for environmental, social and governance (ESG) issues for corporations.” But how to craft the new rules? With the new Administration in Washington, many of the think tanks and advocacy groups are making their voices heard on just that crafting mandatory climate disclosure regulations. The reports of two are discussed below; there are definitely some common threads, such as the need for the SEC to onboard climate expertise and organize a platform or two for stakeholder input. Their recommendations may also provide some ideas for voluntary compliance and some insight into the direction the SEC may be going. ....

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