Policymakers need a dashboard of climate accounts showing their country's domestic and foreign emissions and what they stand to lose from continued inaction of decarbonisation, says Dr Matthew Agarwala.
With economies in free-fall, all governments, including Australia’s, are on the hunt for opportunities to stimulate their economies while, ideally, addressing long-term challenges. Action on climate change provides a raft of opportunities to do both. As the old saying goes, you should never waste a good crisis. Now is the time for bold action on both fronts.
Dr Matthew Agarwala, Environmental Economist
Further reading & watching
- Report: Measuring wealth, delivering prosperity
- Report: Building Forward: Investing in a resilient recovery
- Royal Economic Society Conference 2021: Finding the Missing Capitals – Sources of Growth Redefined
- Blog: Misleading measures fan the flames