Money & Markets
Here’s how to raise the $1 trillion a year we need to save the planet from global warmingA few years ago, the Mexican government pinpointed a promising method for reducing carbon dioxide emissions: Encourage Mexicans to trade in their old refrigerators, air conditioners, light bulbs and the like for more up-to-date models. After all, about 80% of the country’s energy comes from fossil fuels, and household appliances account for about a quarter of its electricity use. But how to pay for the program, while making it affordable for poor households?
Updated July 21, 20225 min read