Why are economists so fascinated by climate change?
The public service’s loss of human capital is the private sector’s gain. However, the financial rewards for a climate career are probably going to be less lucrative than banking.
Guy Debelle’s shock move from Reserve Bank of Australia deputy governor to help lead Andrew Forrest’s green hydrogen mission exposes how climate change is now a transformational economic disruption facing business and public policymakers.
Debelle’s adventurous leap of faith suggests contending with climate change and the massive energy transition to a low-carbon economy now rivals fiscal and monetary policy as the big issue exercising some of the brightest economic minds.
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