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America's Climate Change Future – Session 2: Carbon bubbles and climate futures

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America's Climate Change Future: Housing Markets, Stranded Assets, and Entrenched Interests Session 2: Carbon bubbles and climate futures Presider/discussant: Debbie Gordon (Brown University) Joe Aldy (Harvard University), “Focal Carbon Prices” Marcelo Ochoa (Federal Reserve Board) "Price of Long-Run Temperature Shifts in Capital Markets" Armon Rezai (Institute for Ecological Economics, Vienna) “Stranded assets in fossil fuel industries and the capitalization of climate risks” The Rhodes Center for International Economics, the Institute at Brown for Environment and Society, and the Office of the President are pleased to announce a one day conference on the economic and political consequences of climate change. The conference focuses on three key areas. First, the economics of rising sea levels for real coastal estate markets, which comprise a large portion of US housing market growth and hence personal wealth. The economics of ‘stranded carbon assets.’ That is, the raw materials and financial assets tied up in carbon release that have a high current value but whose values could decline precipitously in the future, especially if ambitious action is undertaken as scientific consensus suggests is needed. The third is the organized politics of climate denial: who are the agents and institutions behind scientific disinformation and how can such a politics best be countered? A lunchtime keynote speech will be given by Rhode Island Senator Sheldon Whitehouse. Lunch will be provided for participants. Read full Research Brief on the conference: https://watson.brown.edu/research/2019/brown-university-hosts-conference-americas-climate-change-future Co-sponsored by the Office of the President, the Rhodes Center, and IBES, Brown University, and the Office of U.S. Senator Sheldon Whitehouse

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