To climate change:
As the professor of energy policy Dieter Helm has shown, Stern\’s assumption that our consumption can continue to grow while our emissions fall is implausible. To have any hope of making substantial cuts we have both to reduce our consumption and transfer resources to countries like China to pay for the switch to low carbon technologies.
We must all become poorer.
But then George believes that we should all become poorer anyway. Never let a good crisis go to waste, eh?