Climate dollars: A roadmap to a post-fossil fuel future
With the economic recovery from the COVID-19 pandemic all but complete, greenhouse gas emissions have rebounded. Not even one of the G20 economies that account for 75% of the world’s emissions is on track to meet its 2030 emission target. And these are targets that fall short of what an effective response to the climate emergency would look like. In China, India and the other middle-income countries, emissions are still on the rise.
The incrementalism that has characterized business and government responses to date is failing, and the climate crisis is tightening its grip on economies and communities everywhere. We saw in the response to COVID-19 what an emergency response looks like. How did we muster a “yes” to fighting the pandemic but haven’t been able to do so for global warming? Those dragging their heels on fighting the climate emergency have many reasons to say “no.” But none of them pass muster.