Skip to main content

Suppose that we put aside the politics and look at decarbonization in purely analytic and policy terms—from that nonpolitical perspective, it’s “entirely realistic” that we could get emissions to net zero by 2050.

Pollin’s “higher-end estimate” is that it would take “an average level of investment spending throughout the global economy of about 2.5 percent of global GDP per year”. This investment would go mainly toward energy efficiency and making clean—and competitively priced—renewable energy abundant, but it would also go toward stopping deforestation and supporting afforestation. And this investment would come from both the public and private sector—a “major part of the policy challenge will be to determine how to leverage the public money most effectively to create strong incentives for private investors, large and small, while also maintaining tight regulations over their activities”.

Original Post

Replies sorted oldest to newest

Add Reply

×
×
×
×
Link copied to your clipboard.
×