Thiswouldimplythat returns will be somewhat lower in the future not just compared with the past few years, but compared with their more modest historical average but that investors will be content with those lower returns.
This pledge the third big aspiration in Durban would implythat developing countries are willing to share the burden for cutting emissions, though their burden would be much less onerous than those imposed on rich states.
This is what I propose in the video, and I think it would be much harder for demagogues to implythat a FAIR tax would mean a new tax on top of the corrupt system that already exists.
Either they will simply buy their properties, since this will now change little on the balance-sheet, and may cost less than the expense that leasing wouldimply.