Bob Litterman discusses the necessity of carbon removal and geoengineering alongside emissions reduction.
0:00 / 0:05exact quote · 6.0s
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“We're probably going to have to pull most of the CO₂ that we're putting into the atmosphere here today back out.”
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More from Bob Litterman
Opinion
Senate Republicans are the primary carbon pricing obstacle but are shifting rapidly.
“Well, it's Republicans in the Senate, let's be perfectly honest. I think that's changing quickly, let's just put it there.”
Bob LittermanJun 15, 2020▶ 26:50Sustainable Investing 3: Bob Litterman – Pricing Climate Risk (Capital Allocators, EP.141)
PredictionNot checkable as stated
Bob Litterman predicts the global economy faces decades of low oil prices.
“I think we're in for, you know, decades of low oil prices.”
Bob LittermanJun 15, 2020▶ 33:03Sustainable Investing 3: Bob Litterman – Pricing Climate Risk (Capital Allocators, EP.141)
Disclosure
Bob Litterman's climate risk models price carbon above $100 per ton.
“What I found when I looked into this was that the number that came out of the model, it was hard to get it down below, say, a hundred dollars a ton.”
Bob LittermanJun 15, 2020▶ 14:14Sustainable Investing 3: Bob Litterman – Pricing Climate Risk (Capital Allocators, EP.141)
Insight
Delaying global carbon pricing by three years adds 0.1°C to peak warming.
“For every three years that we delay pricing emissions, the maximum temperature, the best case, or let's say the optimal solution is another 10th of a degree onto that expected maximum temperature.”
Bob LittermanJun 15, 2020▶ 20:29Sustainable Investing 3: Bob Litterman – Pricing Climate Risk (Capital Allocators, EP.141)
PredictionNot checkable as stated
Global warming will exceed 2°C without aggressive carbon pricing within a decade.
“Bottom line is that we can expect that temperature to get above two degrees if we don't act very soon in the next, say, decade.”
Bob LittermanJun 15, 2020▶ 21:20Sustainable Investing 3: Bob Litterman – Pricing Climate Risk (Capital Allocators, EP.141)
Opinion
The low-carbon transition will occur much faster than markets currently expect.
“Really my argument is that the transition to a low carbon economy is going to be faster than what's built into market expectations.”
Bob LittermanJun 15, 2020▶ 33:48Sustainable Investing 3: Bob Litterman – Pricing Climate Risk (Capital Allocators, EP.141)
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