How Climate Policies Hurt the Poor
The world is in great danger of spending scarce resources on climate policies that hurt rather than help its poorest people. Governments should instead focus on growth-enhancing measures such as trade liberalization, which provide a pathway to increased welfare and greater equality.
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NEW YORK – Over the past 25 years, nearly 1.2 billion people around the world have been lifted out of poverty, while both malnutrition and the risk of death from air pollution have decreased. Taken together, these achievements are nothing short of a miracle. But two global trends now threaten to slow the momentum in reducing poverty.