Abstract:

The global transition to net zero has not yet begun. Emissions in emerging and developing market economies are growing rapidly, more than offsetting reductions in the west. Annual emissions are at an all-time high. If we are to limit the increase in temperatures to 1.5C above pre-industrial levels, the remaining carbon budget will be exhausted within five years at the current rate of emissions.

Citation:

Kleinnijenhuis, A. (2024), 'Paying polluters to stop polluting is sound economic logic', Financial Times, https://www.ft.com/content/1f7b1f46-c119-4c1d-9aff-06a2241e4acc?sharetype=blocked
Go to Document