2min chapter

Cleaning Up: Leadership in an Age of Climate Change cover image

Planetary Crisis? Call an Economist! - Ep48: Nick Stern

Cleaning Up: Leadership in an Age of Climate Change

CHAPTER

Carbon Border Adjustments

I remain very concerned partly because in a lot of those countries, the elites are, they benefit from different things from the people. I think that's right. And if you look back over the last few decades and you look forward to the middle of the century, I think the economic historians of 2050 would not see Venezuela as oil as having brought great development benefits to Venezuela. But there is that final group I want to talk about. They may be a Mozambique, fabulous natural resources, gas, et cetera, but not yet developed. What is the strategy vis-a-vis them?

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