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The Tribalist Threat to Climate Action — Andrew Sheng and Xiao Geng

Summary:
The rise of tribalism is threatening to lead the world to a future of great-power conflict and runaway climate change. The only way to mitigate this risk is to negotiate a new social contract that addresses inequality head-on....A virtual impossibility in the current climate. Any viable solution requires a modification of the world system in ways that are not feasible politically. So the problem will be left to the kids and grandkids, and subsequent generations not yet borne.Project SyndicateThe Tribalist Threat to Climate ActionAndrew Sheng, a distinguished fellow of the Asia Global Institute at the University of Hong Kong and a member of the UNEP Advisory Council on Sustainable Finance, is a former chairman of the Hong Kong Securities and Futures Commission; and Xiao Geng, Chairman of

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The rise of tribalism is threatening to lead the world to a future of great-power conflict and runaway climate change. The only way to mitigate this risk is to negotiate a new social contract that addresses inequality head-on....
A virtual impossibility in the current climate. Any viable solution requires a modification of the world system in ways that are not feasible politically. So the problem will be left to the kids and grandkids, and subsequent generations not yet borne.

Project Syndicate
The Tribalist Threat to Climate Action
Andrew Sheng, a distinguished fellow of the Asia Global Institute at the University of Hong Kong and a member of the UNEP Advisory Council on Sustainable Finance, is a former chairman of the Hong Kong Securities and Futures Commission; and Xiao Geng, Chairman of the Hong Kong Institution for International Finance, is a professor and Director of the Institute of Policy and Practice at the Shenzhen Finance Institute at The Chinese University of Hong Kong, Shenzhen.
https://www.project-syndicate.org/commentary/us-china-competition-tribalism-impede-climate-action-by-andrew-sheng-and-xiao-geng-2021-10

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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