Indeed, more than half of the 41 members of the European Union (EU) and the Organisation for Economic Co-operation and Development (OECD) have even recorded slight declines in intergenerational justice in recent years. There are however major differences between the countries in their efforts to balance fairly the interests of younger and older generations (see table at bottom).[...]
The sad truth is that in 19 of the 41 countries assessed greenhouse-gas emissions actually increased from 2017 to 2018. Australia, the United States and Canada, which continue to emit nearly 20 metric tons of greenhouse gases per capita, are among the biggest polluters. [...]
Sustainable fiscal policies are key to ensuring justice between generations. High debt levels, for example, will spell enormous financial burdens for younger generations. A large number of countries have once again been able significantly to reduce their debt levels since the crisis, thereby creating the financial breathing room needed for present and future generations. Nonetheless, we observe continued high levels of debt, particularly in Japan, the US and the crisis-stricken countries of southern Europe. Greece, for example, has the second highest debt ratio, 183.3 per cent of gross domestic product (GDP), following a rise of four percentage points from 2017.
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