As the world grapples with the escalating impacts of climate change, a new and regressive form of cost-sharing is emerging—insurance risks functioning as a de facto carbon tax. While the idea of a global carbon price has long been championed as a solution to mitigate climate change and redistribute resources equitably, the reality unfolding in…
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Community Conversations: Insurance Risks as a Proxy Carbon Tax – A Hidden Cost of Climate Inaction
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