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Episode #65

The Economics of Climate Change

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Friday, July 19, 2013

It’s been a real scorcher this week in New York with temperatures in the 90s that feel like the low 100s.

Whenever the thermometer goes way up, people start mentioning droughts, melting glaciers, rising sea levels and what can be done to stop climate change.

President Obama recently said he will push for reductions in greenhouse gas emissions using executive powers, primarily through the Environmental Protection Agency. 

His proposals include limiting CO2 from existing power plants and those coming online in the future, as well as faster development of cleaner energy sources like wind and solar power.

Mr. Obama's goal is to cut emissions 17 percent from 2005 levels by 2020.

Not surprisingly, the president has his critics. Some have complained that it will be too expensive, that it will kill jobs and reduce U.S. competitiveness, that it's an unnecessary step and that it bypasses the legislative process.

This week on Money Talking, regular contributors Joe Nocera of the New York Times and Rana Foroohar of Time magazine weigh in on how American businesses are reacting to the President's proposals and whether they are likely to drive up the cost of fuel, energy and energy-efficient products like lights bulbs and refrigerators.

Plus, the larger issues raised by Thursday's bankruptcy filing by the city of Detroit.

Hosted by:

Charlie Herman

Produced by:

Daniel P. Tucker

Contributors:

Rana Foroohar and Joe Nocera

Weekend Coffee Table: Money Talking Weekend Reading

Money Talking host Charlie Herman, regular contributor Rana Foroohar of Time and New Tech City host Manoush Zomorodi tell us what they're reading this weekend. 

 

Comment

Comments [1]

I was excited to hear some commentary about climate change on WNYC. Wow, this is what I got: "market is taking care of us", the basic problem is we need to transfer our energy use from coal to natural gas. Nudges by the government will cut emissions by up to 50%. Walmart is creating new packaging! And Joe says "the business community is in favor of doing something about [climate change]. Are you kidding me! WNYC just got bumped to the end of my dial for awhile, and this show should be bumped from WNYC. Oh, and the way the show ended with everyone chuckling about banker from the mortgage crisis getting off was classic. Keep it up!!!

Jul. 19 2013 08:30 AM

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