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Conservationists and construction companies made for axiomatic enemies. Yet the imperative of climate adaptation had forced environmentalists into an unfamiliar position—advocates of building things, not just of stopping them from being built.
By charging market rents for these apartments or leasing land for private development, the Singaporean government uses its land bank and market rents as a source of government revenue — what Haila calls “fiscal rent” — which can then be spent on public transportation projects, welfare benefits and other important social programs.
Rents Are Skyrocketing. Let’s Buy Back the Land. | NOEMA
noemamag.com
We are also going to have to reform the existing political economy to the present need, so that we can cope with a biospheric existential emergency. This means we are, by necessity, going to be engaged in a multivariant, unconstrained experiment over the next three decades at least.
Paying Ourselves to Decarbonize | NOEMA
Kim Stanley Robinson
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