The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. And this must be done by 2100 if we are to keep climate change anywhere near the 2 C. degree warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries’ broader development goals. It argues that the following are needed:
- Act early with an eye on the end-goal;
- Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors;
- Mind the political economy and smooth the transition for those who stand to be most affected.
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- Business & Economics
- Business & Economics / Environmental Economics
- Climate Change
- Environmental policy
- Industrial policy