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Sovereign Wealth Funds and Long-Term Investing$
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Joseph Stiglitz, Patrick Bolton, and Frederic Samama

Print publication date: 2011

Print ISBN-13: 9780231158633

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231158633.001.0001

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Further Considerations

Further Considerations

Chapter:
Further Considerations
Source:
Sovereign Wealth Funds and Long-Term Investing
Author(s):
Patrick Bolton, Frederic Samama, Joseph E. Stiglitz
Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231158633.003.0040

This chapter presents responses to some questions and/or comments raised during the panel on reducing climate risk. One participant asked for elaboration on how tariffs could be structured so that they are not essentially just competitiveness tariffs but ways for rich countries to equilibrate differences in cost of production from lower-priced producers. Another commented that the urgency to pursue a low-carbon economy makes some forget other, basic considerations. We lack recognition of the patience and the investment required in the institutions that can be lasting and address these issues on the ground. A participant suggested that innovative new technologies provide an opportunity for the South to leapfrog the North so that the North can be left behind and be the ultimate losers. Finally, a participant raised the issue of the cost of increasingly severe natural disasters attributed to global warming.

Keywords:   tariffs, low-carbon economy, global warming, cost of production, natural disasters

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