BBC World Service – The Real Story, What is the cost of climate reform?

It’s been a week of tough talk on climate action. President Biden set out US plans for fighting climate change and called on the industrialised world to join his efforts to dramatically slash carbon emissions this decade. The global shift towards a greener world is transforming the way we work and live, but for many the changes are coming at a steep cost.

Fuel taxes have increased the cost of farming, the shutting down of carbon-intensive industries is disproportionately affecting those in low-paid jobs, and while many big businesses have the resources to go green, levies for failing to reduce carbon footprints are increasing costs for many small and medium-size businesses.

So how can the burden of a green transition be shared more evenly? Is the world at risk of leaving marginalised communities behind, and – if so – what can be done to minimise any increase in inequality that results from attempts to battle climate change? Ritula Shah is joined by a panel of expert guests.

Contributors

Nick Robins Professor in Practice for Sustainable Finance at the Grantham Research Institute on Climate Change and the Environment, the London School of Economics

Annela Anger-Kraavi – Adviser to the Estonian government; Leader of the Climate Change Policy Group at the Centre for Atmospheric Science, the University of Cambridge 

Heidi Binko Co-Founder and Executive Director at the Just Transition Fund, a philanthropic initiative focused on the transition of coal communities in the United States

Picture

A power-generating windmill turbine at a wind park at Bihucourt near Bapaume, France, Credit: REUTERS/Pascal Rossignol

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