The $38 Trillion Question

Aspen Ideas to Go

If we do absolutely nothing to mitigate climate change, scientists estimate the toll could be $38 trillion a year in damages. Industrialized countries like the United States, China, Russia and European nations are the biggest contributors to the problem, but as things stand, they probably won’t pay most of the costs from catastrophes that happen in other parts of the world. Transitioning to clean energy and staving off the worst possible climate harms will cost less in the long run, but requires investment now. What can spur the private financial sector to get excited about clean energy investment? Former climate envoy and U.S. secretary of state John Kerry joins Anne Finucane of TPG Rise Climate Fund and Vijay Vaitheeswaran, the global energy and climate innovation editor of The Economist for a strategic conversation at the 2024 Aspen Ideas Festival on how to get funding for climate mitigation projects to move faster. MSNBC business correspondent Stephanie Ruhle moderates the conversation.

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