Green transition would burden the poor more than the rich

The share of energy is larger in the budget of the poor. Thus, any regulation on energy to prevent global warming would burden them more than the rich.

Governments haven’t figured out a way to impose carbon regulations without hurting the poor.

If they impose harsh measure in favor of climate, they won’t be reelected, but radical politician will! This radicalization fear is a root cause of inaction about global warming.

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