Janet Yellen recently complained to the U.N. Climate Change Conference in Glasgow that the world’s “carbon-intensive economies” need to go away – and to do that will take the spending of about $100 trillion, maybe $150 trillion, she wasn’t quite sure.
She said, too, that the “private sector” needs to rise to the occasion and fund much of that “estimated price tag.”
“Rising to this challenge will require the wholesale transformation of our carbon-intensive economies. It’s a global transition for which we have an estimated price tag: some have put the global figure between $100 and $150 trillion over the […]
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