The Climate Crisis Is Expensive – Here’s Who Should Pay for It | Avinash Persaud | TED

The world's smallest countries, often tropical places, are the first to feel the effects of global climate change, but they lack the funds to fight it. Economist Avinash Persaud is working on a plan to change that: the Bridgetown Initiative, an ambitious proposal to change how rich countries finance poor countries during the climate crisis. He lays out what a green transformation for small nations could look like -- and how it could be profitable for everyone involved. Countdown is TED's global initiative to accelerate solutions to the climate crisis. The goal: to build a better future by cutting greenhouse gas emissions in half by 2030, in the race to a zero-carbon world. Get involved at https://countdown.ted.com/sign-up Learn more about #TEDCountdown: Twitter: https://twitter.com/TEDCountdown Instagram: https://www.instagram.com/tedcountdown Facebook: https://www.facebook.com/TED Website: https://countdown.ted.com If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas: https://ted.com/membership Follow TED! Twitter: https://twitter.com/TEDTalks Instagram: https://www.instagram.com/ted Facebook: https://facebook.com/TED LinkedIn: https://www.linkedin.com/company/ted-conferences TikTok: https://www.tiktok.com/@tedtoks The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to our channel for videos on Technology, Entertainment and Design — plus science, business, global issues, the arts and more. Visit https://TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more. Watch more: https://go.ted.com/avinashpersaud https://youtu.be/8MyHLz6Spoc TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with our TED Talks Usage Policy: https://www.ted.com/about/our-organization/our-policies-terms/ted-talks-usage-policy. For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at https://media-requests.ted.com #TED #TEDTalks