Gernot Wagner serves as lead senior economist at the Environmental Defense Fund and is author, with Harvard’s Martin L. Weitzman, of Climate Shock.
Gernot Wagner
By Gernot Wagner
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Economics needs a climate revolutionThe economics discipline has failed to understand the climate crisis – let alone provide effective policy solutions for it. Change is underway, but it cannot come fast enough. -
Covid-19: Compound growth could kill us — or make us strongerThe power of compound growth has long been recognised as essential to economic development. But in both the Covid-19 pandemic and the slower-moving climate crisis, this same mathematical force is cutting the other way, revealing dangerous shortcomings in how we manage externalities.
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What is the true cost of carbon?For decades, economists have been wrestling with how best to weigh the current cost of emissions reductions against costs that will come years or even centuries from now. But a consensus has proved to be elusive, because traditional economic models don't treat atmospheric carbon like an asset. -
How does climate stack up against other worst-case scenarios?Climate isn’t the only catastrophe threatening the planet, but it may be the one most in need of attention and resources, say Environmental Defense Fund lead economist Gernot Wagner and Harvard University economics professor Martin Weitzman.
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