The ‘third’ balance sheet for global public goods
By: Persaud, Avinash
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Material type: 
BookPublisher: Economic & Political Weekly Description: 59(50), Dec 14, 2024: p.10-11.
In:
Economic & Political WeeklySummary: Financing global public goods is a subject that elicits much interest, some passion, and little money. One of the best examples of a global public good is our climate. We all benefit from a liveable planet and the efforts of others to protect it. We suffer to varying degrees from the past and current actions of others to abuse it for personal gain. Climate change illustrates better than most that issues of injustice are an integral part of the story of global public goods, not some unlucky coincidence. It is not an accident that some of the most vulnerable to climate change are the least developed and did little to contribute to it, while those who contributed the most developed and got rich exploiting resources, and then those of others. That development and riches make them more resilient to climate change today. It is so between countries and within them. It was the background to Chandni Raina, India’s negotiator, refusing to support the COP29 finance deal, adding, “We are disappointed in the outcome which brings out the unwillingness of the developed country parties to fulfil their responsibilities.”- Reproduced
https://www.epw.in/journal/2024/50/h-t-parekh-finance-column/third-balance-sheet-global-public-goods.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 59(50), Dec 14, 2024: p.10-11 | Available | AR135061 |
Financing global public goods is a subject that elicits much interest, some passion, and little money. One of the best examples of a global public good is our climate. We all benefit from a liveable planet and the efforts of others to protect it. We suffer to varying degrees from the past and current actions of others to abuse it for personal gain. Climate change illustrates better than most that issues of injustice are an integral part of the story of global public goods, not some unlucky coincidence. It is not an accident that some of the most vulnerable to climate change are the least developed and did little to contribute to it, while those who contributed the most developed and got rich exploiting resources, and then those of others. That development and riches make them more resilient to climate change today. It is so between countries and within them. It was the background to Chandni Raina, India’s negotiator, refusing to support the COP29 finance deal, adding, “We are disappointed in the outcome which brings out the unwillingness of the developed country parties to fulfil their responsibilities.”- Reproduced
https://www.epw.in/journal/2024/50/h-t-parekh-finance-column/third-balance-sheet-global-public-goods.html
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