Bolstering climate change mitigation through carbon pricing
Given the cost of removing carbon dioxide was calculated to be US$3.3 trillion for 2019 alone, funds should be deployed for global carbon capture and storage
By Edmond Alphandery
US president-elect Joe Biden’s inauguration comes just a month after the fifth anniversary of the Paris climate agreement, auguring long-overdue progress in the global fight against climate change.
Despite recent political commitments by major emitters to achieve carbon neutrality by the middle of this century, the world still is not yet on track to prevent global warming from exceeding 2°C — a target that must be reached to avert massive disruptions to human societies.