Policies is insufficient to effectively confront the global dimensions of the crisis

At the World Economic Forum, Singapore's President Tharman Shanmugaratnam highlighted the critical necessity for a cohesive strategy to tackle climate change. He stressed that a globally coordinated carbon tax system is vital for a successful transition regarding climate issues. This perspective aligns with the views of experts who contend that a fragmented array of national policies is insufficient to effectively confront the global dimensions of the crisis.

A unified carbon pricing framework would create a fair competitive environment, motivating nations to lower emissions while fostering innovation and sustainable development. As the global community navigates the intricacies of climate action, President Shanmugaratnam's urgent appeal serves as a pertinent reminder of the need for shared responsibility and collaboration.

Wide awake media.