Gregor Semieniuk, economics and PERI, has co-authored an opinion piece outlining research that demonstrates how moving away from fossil fuels will impact the wealthy more than those with lower incomes: “We estimate that losses amount to less than half a percent of the net wealth of [the] wealthiest 1% or 10% of Americans.” Inequality ensures that feared financial losses moving away from fossil fuels will fall most heavily on the wealthy, and not on the poor and middle class. Read more...