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Tag: recession

'Devastating Climate Shock' Needed to Spur Climate Change Policy

In his alarm-ringing NY Times op-ed on Climate Change, professor Homer-Dixon* draws a comparison with the 2008 financial “meltdown” which finally led to new financial regulations, even though warnings of a housing bubble (and an emerging recession) were being made prior to the crisis. He advocates societies designing a contingency plan (‘Plan Z’ ) to deal with the immediate after-effects of one or more climate change disasters.