According to Sachs, they are “indispensable public policies” in this sense to combat the carbon footprint.
Referring to the US and other developed countries, he accused them of being the main actors having created the carbon footprint and in addition to staying only in the declarations against the climatic emergency. Added that they “They do not know what to do” . “Most countries do not have a plan to advance on this issue, and the private sector alone does not work,” he said.
That is why, according to Sachs, “The world is not going to be successful unless there is a general public policy and that is why we need changes in our transmission systems to build renewable energy on a large scale. And for that we need public policies.”
Jeffrey Sachs participated in Chile in a seminar organized by the IMF. He said that Argentina’s dispute over the debt should be put on the international agenda.
For Sachs, the steel industry “will not make a correct adjustment if we do not have a consistent structure in public policies ; the dialogue will be more flexible, based on the policies of the governments. ” He also regretted that, even in the United States, there is no progress in Congress on this issue “because we are in the hands of the oil industry.”
Through public policies “We need to create roads that work, present long-term strategies, governments have to do it and that requires very deep technological transformations” warned the economist.
Regarding the region, he listed challenges such as the “extremely high rates of inequality” and advocated “for the commitment of society to bet on education and the development of technologies for address societal challenges that will ultimately be more important than investing in sustainable energy“.
Source From: Ambito
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