Taking out an insurance policy The government impact in beginning to cope with climate change is quite low: additional investment in R&D, which, to quote from the article, is "a rounding error", income (that could be selectively ploughed into compensation, research, temporary subsidies) from carbon taxes and different policies. The impact on the players in the private …
Tag: insurance
Daily Reading: 03/10/2014
Climate Change is a classic case of "Tragedy of the commons". Briefly, when a group of individuals (persons, companies, countries) have shared access to a common resource (think "air"), each person will behave in a manner that maximizes his return at the cost of the groups. In climate change, there's a twist. Developed nations who …
Climaction 