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Reshape economy to fight climate crisis, says Prince Charles

On February 25th, 2020

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Global Haps

The Prince of Wales has urged business and political leaders at Davos to embrace a radical reshaping of economies and markets in order to tackle the climate crisis.

In a special address at the World Economic Forum on Wednesday, Charles outlined a 10-point plan to help the global economy become more sustainable including the imposition of green taxes and investing in environmentally friendly technologies.

He argued that taxes, regulations and policies could all be changed, as part of a drive to reverse environmentally damaging subsidies such as financial assistance for the fossil fuel industry. He also cited the “polluter pays” principle that requires those who create environmental damage to pay for the clean-up.


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