Navigating Climate Change Challenges

This chapter explores the ongoing difficulties in addressing climate change, emphasizing the inadequacy of historical efforts and the impact of the discount rate on future generations' welfare. It discusses the collective action problem faced by nations in reducing greenhouse gas emissions and critiques the unrealistic nature of global climate targets like those in the Paris Accord. Additionally, it highlights the complexities of funding climate investments and the moral dilemmas posed by historical emissions from developed countries compared to emerging economies.