By keeping investments in clean energy off the agenda, the Kyoto process delayed by a decade any serious engagement with global warming. To get the transformation of capitalism on its way, a serious rethink of eco-investment finance is essential.
After the failure of Durban, a promising plan B to reducing carbon emissions rests upon green development industrial strategies being pursued by individual countries. And here China is in the vanguard.
Martin Wolf has presented a provocative diagnosis of the current flaws found in capitalism. Unfortunately, he has nothing to say about the biggest issue of all – how to transform capitalism so that it does not continue to destroy the planet.
