Summary: A general tax on consumption that would fund the development of a low-carbon energy system is the only way greenhouse gas emissions will be reduced in time to benefit future generations. The solutions being tried now are not getting the job done. That’s the message of a recent working paper for the Asian Development Bank Institute. The paper explains why the solutions most commonly being used now are not working. It details how a new consumption tax could fund the research and development needed to avoid a coming disaster. Jatin Nathwani of the University of Waterloo and Artie W. Ng of the Hong Kong Polytechnic University explain. Read the transcript https://bit.ly/2HIDOYL Read the working paper https://www.adb.org/publications/cap-invest-strategy-managing-intergenerational-burden-financing-energy-transitions About the authors Jatin Nathwani is Ontario Research Chair in Public Policy for Sustainable Energy and Executive Director at the Waterloo Institute for Sustainable Energy of the University of Waterloo in Canada. Artie W. Ng is principal lecturer with the Hong Kong Polytechnic University in Hong Kong, China. Know more about ADBI’s work https://bit.ly/2TPOWu4
