This will require the mobilisation of correspondingly large sums of money. But it is governments and parliaments which must take the crucial steps towards climate neutrality. They make decisions on specific policy measures – especially the pricing of greenhouse gas emissions – as well as on international coordination and on striking a social balance.
Climate change also shines a spotlight on the legitimate interests and needs of future generations. We can’t leave young people to bear the burden all by themselves. Generational fairness also means leaving our children a modern and effective general government. A government such as this needs sufficient fiscal leeway to successfully withstand future crises, too.