Rich countries can’t expect to be trusted on their climate promises if they fail the poorest on vaccines
It would only cost $50bn to ensure 40% of the world’s population is vaccinated by the end of the year, and 60% by the first half of 2022. This is a recent estimate from the IMF, the latest institution to join a chorus of voices calling for a global vaccination programme to bring Covid-19 under control. The IMF has highlighted the economic benefits of global vaccines, which would be huge. But there is another powerful reason for a worldwide campaign.
Vaccinating the world will be crucial if countries are going to act together to confront the climate crisis, which will require many of the same things as delivering vaccines: resources, innovation, ingenuity and a true partnership between rich and developing countries. The Cop26 climate conference in November will be an opportune moment for building this partnership. But to do so, rich countries need to deliver on their early promises to deliver global vaccines.
Abhijit Banerjee and Esther Duflo were the joint winners of the 2019 Nobel prize in economic sciences