Climate Finance
That is the query asked by John Cochrane in this recent draft essay ( non-PDF version right here ), in response to a current Journal of Financial Perspectives report by Robin Greenwood and David Scharfstein. Both need to be required reading for any introductory finance class. There is so a lot in these essays that 1 blog post could not hope to adequately cover the topic, so do not count on this to be anything resembling a comprehensive response.
All projections, evaluation and calculation results are estimates and depend on many variables, which includes the data and assumptions you provide, and might not reflect all your sources of revenue or expenditures. In addition, it ignores future transactions or modifications in tax laws which can not be anticipated. The reports, graphs and other evaluation are dependent upon the accuracy of the information you provided.
Every year I bake a choice of …
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