Political winds have shifted.
Populists are on defence. Liberals everywhere overwhelmingly see climate change as a central issue. The US will rejoin the Paris climate accord and climate plans will stress the need for the complete and rapid decarbonisation of the global economy. It will take trillions of dollars in spending to get it done and Trinidad and Tobago is super-positioned to take advantage of the spend. Carbon pricing, no longer viewed as politically toxic, is primed for the aggressive and costly climate plans under consideration. Welldesigned carbon pricing systems will save money rather than cost taxpayers.