Inequality displaces the fight against global warming
The promise of shared self-flagellation with high renewable costs has not motivated countries to act decisively. The paralysis has a root cause: inequalities.
Growing inequalities are the culprit derailing all plans to oust fossil fuels with carbon pricing, energy efficiency, even subsidy regulations deemed for the rich. Many people feel left behind.
The low-income people won’t easily accept any carbon regulation that should not include compensation for the low-income middle class, but only for the poor. They will elect officials focused on inequality more than on global warming.