The stakes are stratospherically high ahead of the 26th United Nations Climate Change Conference of the Parties, or COP 26, which opens in Glasgow on Sunday.
Experts called for urgent action on reliable alternative energy solutions to avoid losses in energy transition during a webinar organized jointly by the International Finance Forum, the Task Force on Carbon Pricing in Europe and the Paulson Institute.
Let s have carbon pricing now
8
published : 13 Jan 2021 at 11:26
8
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 mid-century, the world still is not yet on track to prevent global warming from exceeding 2C a target that must be reached to avert massive disruptions to human societies.
Fortunately, we can at least quantify the challenge at hand. According to the International Energy Agency, global energy-related carbon-dioxide emissions in 2019 totaled roughly 33 billion tonnes a figure that ultimately must be reduced to net zero.
6 Jan 2021 |
Edmond Alphandéry
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 mid-century, the world still is not yet on track to prevent global warming from exceeding 2° Celsius – a target that must be reached to avert massive disruptions to human societies.
Fortunately, we can at least quantify the challenge at hand. According to the International Energy Agency, global energy-related carbon dioxide emissions in 2019 totalled roughly 33 billion tonnes – a figure that ultimately must be reduced to net zero.
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.