Divergent Net Zero policies are an underappreciated risk to global climate action
November 01, 2021 | Updated at November 01, 2021
The International Energy Agency's (IEA) World Economic Outlook (WEO) provides some cause for optimism for a 1.5° C future if coordinated climate action comes out of COP 26, but remains at risk from an ‘ambition gap’ between announced policies and what is needed for Net Zero by 2050The best outcomes in terms of limiting the damage from climate change won’t be possible if they create a ‘two-track’ world if financing and technology committed by developed countries don't arriveGlobal efforts to coordinate with and support emerging & developing economies will lower risks across the board from adverse climate impacts and climate transition outcomes, but it could be imperiled by too narrow focus on national Net Zero targets
The IEA in its latest W...