⚖️🌐 In the 21st century conditions, in addition to general socio-economic inequality, new forms of inequality are becoming increasingly important.

One of them is closely connected with the climate agenda, as a large-scale green transformation is now on the agenda of certain international institutions and individual states.

The solution of these problems is possible only through additional compensation being provided by the developed countries to the developing world.

🔹 It is necessary to actively use and implement best practices and technologies around the world that will ensure sustainable consumption and production that do not exacerbate climate change, including by providing equal access to mineral fertilizers for developing countries.

🔹 The use of the system of financial innovations should also become widespread. This will require a high level of solidarity on the part of the rich countries towards the poor.

🔹 It is also critical that the global policy focus should be on eliminating overconsumption in the developed world, rather than perpetuating barriers to under-consumption in the developing world.

In the context of India’s G20 Presidency, Prime Minister Modi's LiFE (Life for Environment) programme is becoming an extremely important mechanism for creating fair new values of equality, both in access to fuel and energy, and in production and consumption for the future of mankind, writes Valdai Club Programme Director Oleg Barabanov.

https://valdaiclub.com/a/highlights/international-institutions-fighting-inequality/

#Norms_and_Values #inequality #overconsumption #climatechange

@valdai_club