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Website title: Gernot Wagner | Economist and Author

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Power Purchase Agreements (PPAs) are seen as necessary to build power infrastructure,
yet they lock in aging and uneconomic power plants beyond when they would retire due to
market forces alone.PPAs in India, Indonesia, and Pakistan have led to severely mis-aligned incentives creating
unsustainable debt, fossil fuel lock-in, and affordability crises.For instance, ...

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“폭염은 생명을 앗아갈 뿐 아니라 생계도 무너뜨립니다.”

‘기후 쇼크(Climate Shock)’의 저자이자 기후경제학 분야에서 손꼽히는 석학인 게르노트 바그너 컬럼비아대 경영대학원 교수는 11일(현지시각) 미국 뉴욕 컬럼비아대 크라비스홀에서 가진 본지 인터뷰에서 갈수록 심해지는 폭염이 단순한 기상 이변을 넘어 노동 생산성과 기업 활동, 글로벌 공급망을 흔드는 경제적 충격이 되고 있다고 말했다. 특히 세계 공급망에 깊숙이 연결된 수출 중심 경제인 한국은 지구 반대편에서 발생하는 폭염이나 가뭄 같은 기후 충격에도 상당한 영향을 받을 수 있다고 경고했다.

-한국에서도 섭씨 40도 넘는 폭염이 기승이었다.

“폭염은 사람을 (말 그대로) 죽인다...


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Losses to the economy often filter through to the stock market. But high levels of uncertainty around climate impacts make planning especially difficult, said Gernot Wagner, a climate economist at Columbia Business School.

“Here’s what I'm afraid of: It's going to be much bigger and sooner than most people appreciate,” said Wagner. “But it'll hit us in surprising ways t...


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“They’re the same companies that are still essentially doing the same thing as they did five years ago,” Columbia Business School climate economist Gernot Wagner tells Chloe. “The companies that can position themselves as enabling this enormous growth needed for AI—and energy, water, land are the three big dimensions here—will position themselves well.”


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"Heat kills — both lives and livelihoods," said Gernot Wagner, a climate economist at Columbia Business School.

"And it is often rather small changes in the average that lead to large threshold effects," he said.

He cited research showing that "only one additional day above 32 C in any given year lowers annual payroll by 0.04 percent".

"That may seem like a ...


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