I believe all these tools face such potential to combat climate change, but where they conflict with the pursuit of profit and immediate short-term growth, they won't be applied. Thus we need a revision of global legal, economic and trade systems that incorporate negative externalities that manifest as environmental harm. Our economic system was devised when it was unimaginable to think we could affect the functioning of the planet. They desperately need a revision.
I believe all these tools face such potential to combat climate change, but where they conflict with the pursuit of profit and immediate short-term growth, they won't be applied. Thus we need a revision of global legal, economic and trade systems that incorporate negative externalities that manifest as environmental harm. Our economic system was devised when it was unimaginable to think we could affect the functioning of the planet. They desperately need a revision.