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We Now Know That Climate Action Does Not Require Economic Sacrifice. This Is Fully In Line With The World Bank Group's Findings. It Is Up To All Of Us To Make Smart Policy Choices That Will Help Combat Climate Change. For Example, Putting A Price On Carbon Is A Necessary Step And Could Drive Resources And Investments To A Cleaner Economy.

-Sri Mulyani Indrawati

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We Now Know That

Sri Mulyani Indrawati

...

We Now Know That Climate Action Does Not Require Economic Sacrifice. This Is Fully In Line With The World Bank Group's Findings. It Is Up To All Of Us To Make Smart Policy Choices That Will Help Combat Climate Change. For Example, Putting A Price On Carbon Is A Necessary Step And Could Drive Resources And Investments To A Cleaner Economy.

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More From Sri Mulyani Indrawati

I Have My Own Experience In Indonesia, Of Course. Sometimes In These Transition Situations, The New Governments Are Still Clumsy And Awkward In Responding To This New Environment In Which They Operate. The Only Thing In Their Dna Is The Old Regime.

Many Developing Countries Are Enjoying Demographic Changes. They Have A Younger Demographic Composition So They're Not Burdened By Legacy Policy. Now, If You Combine This With A Good Macro Policy And Ambitious Structural Policy, Those Countries Are Able To Move More Flexibly And Be More Agile.

I Am Still An Indonesian Citizen.

I Always Enjoy The Job And The Work That I Do, Because That's The Condition That I Attach In Accepting Any Job. This Way, I Can Really Work And Dedicate Myself To The Institution For Achieving The Goal Which I Believe Is A Noble One.

Many Emerging Countries Are Facing The Same Issue Of Overheating And Inflation Because They Have Been Vigorously Expanding Fiscal And Monetary Policy To Counter The 2008 Shock.

In Middle-income Countries, Inequality Becomes A Problem Because You Can See There Is A Layer Of People Who Are Doing Well, While The Poor Are Still Stuck There. We Have 300 Million Poor In India.

The Confidence Is Really Driven By The Woman - Whether She Can Have The Confidence That There Will Be Enough Earning Or Income To Finance All The Domestic Spending - But Also By The Middle-income Class, Which For Many Asian Countries Has Become The Growth Power For The Economy.

People Feel They Are Not Participating In The Decision-making Process. Decisions Are Exclusive To Those At The Very Top. You Have Grown Up With Crony Capitalism And It Creates Ever More Resentment.

We Now Know That Climate Action Does Not Require Economic Sacrifice. This Is Fully In Line With The World Bank Group's Findings. It Is Up To All Of Us To Make Smart Policy Choices That Will Help Combat Climate Change. For Example, Putting A Price On Carbon Is A Necessary Step And Could Drive Resources And Investments To A Cleaner Economy.

So Much Research Has Been Done Showing That The Woman Is The Most Vulnerable But Also The Biggest Strength Leading To Economic Progress.

People Now, Especially With The Internet, Are Connected. They Have An Expectation Of Behaviour, Of Accountability, Avoiding Conflict And Fair And Just Competition.

The Problem Of The Food Price Is Structural. The Growth Of Demand Cannot Be Checked In That It Is Coming From Middle Income Countries Demanding More Quality And More Quantity Of Food. High Demand Is Here To Stay.

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