Fighting Global Warming: A Problematic Economic Integration: Explaining the daunting economic plan behind COP21
Global warming: unsure plan of actionA 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 unambitious because nations are reluctant to rush decisively and punish their own economy with entrenched unemployment from heavy regulations based on current expensive green technologies. Nations prefer to wait for the private sector to lower the costs of green technologies before more ambitious steps. Post-2030, larger steps post-COP21 must happen based 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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
agreement bank banknotes batteries borrowing cap-and-trade capital gains caps carbon footprint carbon tax cars cash cheap cheaper CO2 emissions coal competition Congress consumers corporations cost countries custom tolls deal with global debt debt-to-GDP ratio deflation economists economy elec energy consumption energy-efficient products European eurozone explained previously federal fight against global fiscal fuel fund global warming go green greenhouse gases hydrocarbon hydrocarbon energy hydrogen Illustration implemented income tax increase industries inflation interest rates invest Laffer curve loans lower middle class monetary creation money in circulation nations natural gas Nuclear fission nuclear power plants ordinary income political poor public deficit recovery regulations renewable energy rich selling slow slowdown Smart Grid Smart Meters solar and wind solar panels solution spending strategy subsidies target tax cuts taxation technologies tion Treasury bonds tricity unemployment uranium wages wealth workers