Water and the High Price of Bad Economics
The increasingly well-documented links between climate change, biodiversity loss, and water insecurity point to a fundamental issue: our economic systems are based on flawed thinking. We are forever reacting to market failures when we should be pursuing proactive strategies to shape the economy for the common good.
LONDON – Nearly 30 years into global negotiations to address climate change, efforts to control the problem are lagging, reflecting stalled progress toward creating a sustainable trajectory more broadly. Each year of delay adds to the urgency of the problem, and of the need to maintain Earth’s resilience against the most severe effects of global warming.