The environment has moved to the top of their political agenda, and they have promised increased environmental investment, set impressive targets for reducing pollution and launched grand-scale campaigns to address particularly challenging problems of environmental degradation.

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The distribution of assets, and of the costs and benefits of different policies, as well as the role of trust, are all critical to the ability of societies to develop competent rules and institutions to address environmental, social and economic problems.

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That leads to the second challenge, to address and implement policies that will avoid these problems in the future, especially concerning environmental protection.

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