No development strategy can ignore the climate

WASHINGTON, DC – After decades of industrialization powered by fossil fuels, the costs of climate change are becoming ever more apparent in both the Global South and the Global North. In Germany, flooding in 2021 left 190 people dead, displaced 40,000, and caused $40 billion in damage. And in Brazil, the 2024 Rio Grande do Sul flood claimed 183 lives and displaced more than 600,000 people, and Amazon wildfires destroyed an area the size of New Jersey and wreaked havoc on the regional economy, destroying livestock and agriculture, and causing tourism to plummet. Even as U.S. President Donald Trump has loudly proclaimed America’s withdrawal from the Paris climate agreement (again), a silent revolution is taking place just about everywhere else. Most countries know that they cannot ignore climate change in pursuing their economic development agendas. They understand that climate policies boost investment in important industries such as energy and manufacturing, support the development of new technologies that enhance productive capacities, and improve job quality. They also understanWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times