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Commentary: Climate talks show cost of misguided policies

Tuesday, December 13, 2011

The UN climate change talks in Durban illustrate just how tough it is to squeeze valuable outcomes from rich and powerful governments that adamantly pursue bad policies, writes Jose Maria Figueres, the former Costa Rican president.

Indeed, the continued post­ponement of climate action by governments fearful of the economic consequences not only defies the growing momentum in wider society and business to embrace green development, but it also goes against any reasonable sense of economic acumen.

Experiences from Costa Rica show how misguided economic policies can ultimately come at a great cost to prosperity.

Original source: Financial Times