Pay the Global South for climate damage, but only if it prices carbon, says economist Greenstone
Michael Greenstone | Photo Credit: michaelgreenstone.com Rich countries should pay people in developing countries for the climate damage their emissions cause, on condition that those countries put a price on carbon. That is the central proposal of a forthcoming book, Just Economics, by University of Chicago economist Michael Greenstone, with Nobel-Prize winning economists Abhijit Banerjee…