Larry Summers on responsibilities of rich/poor countries for climate action

Quoted by Brad DeLong quoting the New York Times.

(…) Summers[‘s]… views on the importance of Asia’s growth, the challenges of globalization and the danger of the United States’ huge trade deficit are widely promoted by policy makers and economists. He is eagerly solicited for lectures and keynote speeches…. On Tuesday, Mr. Summers spoke to an audience that overflowed a ballroom at the Taj Mahal Hotel in New Delhi, telling hundreds of economists, government officials and business executives that most of the action on global warming needed to “take place in the developing world.”

The industrial world was responsible for much of the problem, he said, but most of the solutions must come from the developing world, where emissions are growing the fastest and infrastructure is still unbuilt. The developing world should “demand” that it be compensated and supported for taking actions “in the interest of all,” he said. (…)


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