The climate crisis is expensive -- here's who should pay for it | Avinash Persaud
TED Talks Daily
TED
4.1 • 12.1K Ratings
🗓️ 17 August 2023
⏱️ 14 minutes
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Summary
The world's smallest countries, often tropical places, are the first to feel the effects of global climate change, but they lack the funds to fight it. Economist Avinash Persaud is working on a plan to change that: the Bridgetown Initiative, an ambitious proposal to change how rich countries finance poor countries during the climate crisis. He lays out what a green transformation for small nations could look like -- and how it could be profitable for everyone involved.
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| 0:00.0 | I'm Elise Hugh, you're listening to Ted Talks daily. |
| 0:13.7 | The world's smallest countries, which are often tropical places, are the first to fuel |
| 0:18.2 | the effects of global climate change, but lack the finances to fight it. |
| 0:23.3 | In his 2023 talk from the Ted Countdown Summit, economist Avi Nash Persaud lays out what |
| 0:29.0 | a green transformation for small countries can look like by making it profitable after |
| 0:35.2 | response or message. |
| 0:39.7 | Got a business problem? |
| 0:40.7 | There's a Ted Talk for that. |
| 0:42.0 | Stay updated on everything business, on Ted Business, a podcast hosted by Columbia Business |
| 0:46.8 | School Professor Modoupe Akinola. |
| 0:49.6 | Every week, she'll introduce you to leaders with unique insights on work, answering questions |
| 0:54.0 | like, how do four day work weeks work? |
| 0:56.8 | To will a machine ever take my job? |
| 0:59.3 | Get some surprising answers on Ted Business, wherever you listen to podcasts. |
| 1:05.7 | I want to present to you the Bridgetown Initiative. |
| 1:09.8 | It's a pragmatic, ambitious plan to save the world that's been gaining surprising traction. |
| 1:16.5 | I would have started with a who, moved to the what, and where we are. |
| 1:21.8 | I came late to climate. |
| 1:23.4 | I wasn't a skeptic. |
| 1:24.6 | I'm an economist. |
| 1:25.8 | We believe that if we don't value something well enough, we tend to over consume it. |
| 1:32.1 | I believe that. |
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