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Today we're sharing an episode of a podcast we think you'll love.

It's been handpicked by the TED staff, and we think that as TED business listeners,

you'll come away with a fresh idea and a totally new perspective.

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You're listening to TED Talks Daily, where we bring you new ideas to spark your curiosity every day.

I'm your host, Elise Hume.

By now it's clear.

We need bold strategies to pay for and stop the damages of climate change.

In this talk, economist Esther Duflow asks a blunt question, why don't we just tax the world's

richest people in order to pay for climate damages? She explains why a publicly funded redistribution

system financed by taxes on billionaires

and large multinational companies could really work

and says this grand bargain is more within reach

than we might expect.

So most of the time when we think about climate change,

we conjure these images of wildfires and storms and floods.

But the reality is that temperature alone kills,

and in particular right here in Africa.

We don't see it in the capital of the France or the US because it's mostly happening in poor countries,

which are already hot,

and where citizens don't have the protection of air conditioning or office jobs.

...