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The FT realising that markets won't deliver climate mitigation or adaptation and externalities are a market failure that no one can afford to pay for

https://www.ft.com/content/b2b6fb7a-9477-4485-a9e3-435b5e9c987e?

A hundred years from now, people are likely to remember our era as the time when we knowingly bequeathed a destabilised climate. The market will not fix this global market failure. But today’s political fragmentation and domestic populism make it almost inconceivable that the needed courage will be forthcoming either. We talk a lot. But we find it effectively impossible to act on the needed scale. This is a tragic failure.