Kirk’s Insights on Climate Risk
I finally got around to watching this 16-minute talk by Stuart Kirk of HSBC on why climate risk is so small.
It’s beautiful.
I love the way he goes after Mark Carney.
Later, Kirk considers the implications for GDP in 2100 if we do nothing. His numbers are substantially more optimistic than the ones I gave in my recent talk (starting at about the 44:00 point) and I’m not sure why. But Kirk and I agree that the effect of climate change will be to lead us to have a multiple of current GDP that is only a little lower than the multiple we would have had: virtually everyone will be substantially better off in 2100 than their counterparts today. He makes the point I made about the Netherlands (I made the point at about the 49:20 point of my talk.)
Well worth watching.
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