Zero

Lessons from Soviet Economics for the Climate Era

Abby Innes argues the world needs to reimagine how governments wield economic tools if we are to get on track to fight climate change.

A red star is removed from the top of a factory in Budapest, on Oct. 26, 1989.

Photographer: P.E Varkonyi/AFP/Getty Images 

From trade wars to skyrocketing tech valuations, governments and investors seem to be making economically irrational moves. As the world heads into another global climate summit, there is a need for fresh thinking to bring countries back to work on the urgent challenge. This week on Zero, political economist Abby Innes tells Akshat Rathi what governments are getting wrong about addressing the problems we face and how to reimagine economics for the climate era.

Listen now, and subscribe on Apple, Spotify or YouTube to get new episodes of Zero every Thursday.