by Josh Gabbatiss, Barbon Brief
Environmental economists Dr Kyle Meng and Dr Ashwin Rode have produced what they believe is the first attempt to quantify the toll such anti-climate lobbying efforts take on society.
The pair say their work reveals the power firms can have in curtailing government action on climate change, in the face of “overwhelming evidence” that its social benefits outweigh the costs, which range from reduced farming yields to lower GDP.
Crucially, they found that the various fossil-fuel and transport companies expecting to emerge as “losers” after the bill were more effective lobbyists than those expecting gains.
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- Germany goes greener with $95 billion push for train over plane - January 14, 2020
- EU sets out trillion euro plan to avert ‘climate crash’ - January 13, 2020