What do we owe our grandchildren?


IN my recent return from Bhutan, one of the world’s first carbon-negative countries, I realised that intergenerational justice may be one of the most important moral questions of our time.

The world is drowning in debt. The International Monetary Fund (IMF) estimates that global debt amounted to US$250 trillion in 2023, or 237% of gross domestic product (GDP), while private debt was more than US$150 trillion, or 143%.

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