Invest more money in climate mitigation today
Dr Kamiar Mohaddes's work on climate mitigation is quoted in the Boston Globe, as climate experts warn that failure to address the climate crisis will come at an even higher price.
Kamiar said: "It would make more fiscal sense to invest more money in climate mitigation today in order to prevent more costly climate impacts in the future."
Related paper and Keynes Fund Project:
Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis, Kahn, M. E., Mohaddes, K., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C., Energy Economics, Vol 104 (2021).
Climate Change, Volatility, and Economic Growth: Evidence from U.S. States , Mohaddes, K., Pesaran, M. H. and Raissi, M.