The world’s brutal climate change report card, explained

“mustering the political will to make these drastic changes is going to be an immense challenge. But at the same time, cleaner energy is more affordable than ever and the stocktake says a transition away from fossil fuels is within our grasp. In many parts of the world, wind and solar power are the cheapest sources of new energy, sometimes undercutting existing fossil fuel sources. “There are now sufficient cost-effective opportunities to address the 2030 emissions gap,” the report says. The challenges are entirely political hurdles.”

“One key barrier to transitioning from fossil fuels is the trillions of dollars in subsidies that governments pour into the industry year after year. A recent analysis from the International Monetary Fund found these subsidies have only grown; they surged to $7 trillion last year, $2 trillion more than in 2021.”

Leave a Reply

Your email address will not be published. Required fields are marked *