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December 21, 2023
The Right can stay true to its small government, high growth ambitions while building a green future
There’s a rarely acknowledged reality about climate policy that goes a long way to explaining why conservative parties spend less time focusing on climate issues.
And that reality? The environment is a luxury good.
There are macro and micro implications to this. The macro implication is that rich and growing countries are better placed to address the environment and climate than their less rich or slower-growing (or shrinking!) counterparts. The micro implication is that citizens who see their purchasing power erode, and their real incomes shrink, can be excused for focusing more on inflation than on climate.