Sunday, November 17, 2013
Jeff Sachs is Hopeful That The Devastation In The Philippines Will Stimulate Action On Climate Change
Jeff Sachs believes that catastrophic weather events will be able to overcome the effects of energy industry lobbying and enable government to turn its attention to the problem of climate change. This article in the NYT describes the concerns that many poor nations have about the failure of rich nations to do what is necessary to protect them from the impact of climate change. They believe that the rich nations are guilty of climate injustice. Unfortunately, the rich nations have more immediate problems on their plates. They don't know how they can meet many of their domestic obligations. Perhaps the adaptation of the global economy to the realities of climate change can be the new growth industry that can address the problem of secular stagnation raised by Larry Summers which is discussed in the following post.