Question
Help me respond with a critique of the student opinion I provided below. The link to the original article is below. (10 robust sentences) https://www.cnbc.com/2024/03/17/sachs-roubini-and-zandi-on-how-the-climate-crisis-affects-economy.html
Help me respond with a critique of the student opinion I provided below. The link to the original article is below. (10 robust sentences)
https://www.cnbc.com/2024/03/17/sachs-roubini-and-zandi-on-how-the-climate-crisis-affects-economy.html
The article "How the climate crisis will affect the U.S. economy" from the news source CNBC is very important in regards to corporate finance, especially globally. Top economists Jeffrey Sachs, Nouriel Roubini and Mark Zandi discuss the importance of implementing green, clean, or environmental friendly practices in businesses to combat climate change. The worsening on the planet's health is costly: not only to living things but also living businesses. Natural disasters create damage that costs millions and they are happening more frequently; chief economist of Moody's Analytics, Zandi, calls these "physical threats." Zandi also suggest that moving away from a fossil fuel dominated economy to a green energy driven one will put more weight on the economy. The way to transition the world to less fossil fuels and more green energy is for the larger and richer countries to start first. Jeffrey Sachs asks the question "How can the whole world get a clean energy system?" If the U.S. takes the initiative to start going green the other countries will follow. It is the responsibility of large and rich countries to implement this practices because smaller and poorer countries cannot.
I think this article is very important because it highlights why we need to care about changes in the environment, the impact of carbon emissions on the world, and the rapidly decreasing lifespan of the planet which in turn causes millions of loss for business, countries, and the world. What is most important is implementing green practices but ensuring they are truly green and not just green-washing or green-wishing. Turning to natural ways of fuel like wind is a tough transition but entirely worth in when thinking about where the world may be in the next decade or century.
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