Source: United States & Canada – South China Morning PostNobel laureate economist Joseph Stiglitz warned of a more severe version of the 2008 global financial crisis by pointing out that carbon, which is priced “nowhere near” where it must be to achieve the world’s climate goals, accounts for a much bigger piece of the global economy than subprime mortgages.“Remember that the 2008 crisis originated in one part of the economy, in the real estate sector, and one part of the real estate sector, the subprime, and there was a problem of mispricing of the…Read More