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A global consumer-led strategy to tackle climate change

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  • Anthony J. Webster

Abstract

A successful response to climate change needs vast investments in low-carbon research, energy, and sustainable development. Governments can drive research, provide environmental regulation, and accelerate global development, but the necessary low-carbon investments of 2-3% GDP have yet to materialise. A new strategy to tackle climate change through consumer and government action is outlined. It relies on ethical investments for sustainable development and low-carbon energy, and a voluntarily financed low-carbon fund for adaptation to climate change. Together these enable a global response through individual actions and investments. With OECD savings exceeding 5% of disposable household income, ethical savings alone have considerable potential.

Suggested Citation

  • Anthony J. Webster, 2018. "A global consumer-led strategy to tackle climate change," Papers 1807.03364, arXiv.org, revised Sep 2018.
    • Handle: RePEc:arx:papers:1807.03364
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