The global challenge has more to do with economics than science.
The climate and deficit reduction package that Democratic lawmakers agreed on last week earmarks some $370 billion for much-needed energy and climate spending. That figure marks a victory for U.S. President Joe Biden and his climate initiative.
But in the broader battle against climate change, the spending is just a tiny fraction of what’s needed. In fact, many experts now believe that finding the money to fix the problem of rising temperatures around the world is going to be a bigger challenge than figuring out the science.
On this episode of Global Reboot, FP editor in chief Ravi Agrawal is joined by economic historian and author Adam Tooze to discuss climate finance. Who will pay for climate change adaptation? And will there be enough political will to get the job done?
Global Reboot is a FP Partner Podcast with the Doha Forum.
About Global Reboot: Global Reboot explores how to rebuild a world upended by disruptive international events. FP’s editor in chief Ravi Agrawal engages with world leaders and policy experts to identify solutions to our greatest challenges. Global Reboot is a FP Partner Podcast with the Doha Forum. See All Episodes
More Global Reboot episodes:
Human Rights Are in Decline Around the World. What Can Be Done About it?
Even wealthier countries are regressing.
The Democracy Deficit
What accounts for the backslide, and how can it be reversed?
Fixing the Food Crisis
Ertharin Cousin on why global hunger has become so acute and what to do about it.
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