The Challenges of Globalization

Getting the right global context is indeed the biggest stumbling block we're facing right now but I don't think that it needs a global context for things to move in the right direction. There are sectors in the economy that can't do this on their own where this does create an economic risk like steel, cement and base chemicals which are extremely emission intensive. managing a 30 year transformation under this stress will be extremely challenging even for countries that are willing. Countries whose business model today relies on exploiting fossil fuel resources and exporting them they have a lot to lose from the rest of the world embarks on this transformation.