But innovative solutions do exist, if only governments would seize them. These solutions address the twin crises of economy and environment. They also generate much needed public revenue that could fund the transition towards efficient, low-carbon and climate resilient economies, while returning human beings to the centre of our economic system.
Deep crises facing the global economy and environment require new and innovative solutions. Such solutions exist, but the leadership has been lacking. If they reach agreement in Cannes on Financial Transaction Taxes, aviation and maritime bunker fuels, and fossil fuel subsidies reform, G20 leaders will seize the moment.