Population Reduction Will Help Protect Climate, Deutsche Bank Chief Economist Insists
March 20, 2019 (EIRNS)—David Folkerts-Landau, chief economist of Deutsche Bank, who is already on record with quite a number of weird proposals, now assesses that the climate protection policies of the German and other governments have so far failed, because they avoided a sober cost-benefit approach. A combination of market-based trade with emissions certificates and a carbon dioxide tax were definitely better, he claims.
The main contribution to climate protection would however be population reduction in the developing-sector nations. This should be made possible by a development policy involving (sustainable) investments in local supply of water, food, energy and health, as well as local environmental production.
As for the enhancement of development and implementation of sustainable technologies, Folkerts-Landau proposes a global research project in the range of $100 billion annually. To have that, political decisions would have to be made, though, to reassign other budget posts, he says.