Fighting Global Warming: Problematic Economic Implications: (Explaining the daunting economic alternatives behind COP21)

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Vincent Lannoye, Jun 1, 2020 - Business & Economics - 126 pages

Global warming: unsure plan of action

A first small step was agreed upon with the COP21 in 2015. Its goal is double: start curbing the global warming trend and generate private involvement to lower the costs of renewable energies and energy-efficient products.
   This first step is lame because nations are reluctant to rush. Governments fear a counterproductive backlash, if they punish their economy with entrenched unemployment from heavy regulations relying on the current expensive green technologies.
   Nations prefer to wait for the private sector to lower the costs of green technologies. Additional steps post-COP21 will happen counting on cheaper renewable energies and energy-efficient products.
   All these steps must happen fast, as climate experts are ringing the alarm bell to prod the world to act. The coming years must decisively accelerate the progress towards a carbon-free economy.

 

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About the author (2020)

Vincent Lannoye was born in the US and grew up in Belgium in an industrial family, which sparked his curiosity to analyze and critique economics and politics. An engineer with an MBA from Edhec France, today he works in high-tech in Silicon Valley.
    His past, his passion for politics, economics, and the challenge of limiting global warming, all have inspired him to write about economics.

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