G20′s Finance ministers and Central Bank governors met last week, February 25-26 in Mexico City to discuss global economic troubles. In their communiqué they have conceded a few words to the green economy, and to disaster risk management. Should we see it as a sign that there is hope they’ll someday get smarter?
Moving from a high-carbon to a low-carbon economy entails replacing the global energy and industrial high-carbon infrastructure over the next decades. UN’s recent Economic and Social Survey 2011 – The Great Green Technological Transformation estimates replacement costs at $15-$20 trillion, or between one quarter and one third of global income. More »
Climate change: G20’s meaningful silence
Who can influence the most climate change policies? Top economic policy-makers or environmental authorities? In any country of the world, economic policy-makers have far more power to lead us to a low carbon economy, than environmental policy-makers, both public and private. Hence the silence of Finance ministers on climate change is far more meaningful than the eloquence of environment ministers. More »