Business Maverick Op-Ed: Energy transition: Towards a zero-emission future

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 84%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Business Maverick Op-Ed: Energy transition: Towards a zero-emission future By Jeffrey Sachs

relative to Earth’s pre-industrial temperature. Alarmingly, warming has already reached 1.1ºC, and the global temperature is rising around 0.2ºC each decade. That’s why the world must reach net-zero emissions by 2050 at the latest.

Asia’s continued construction of coal plants, with ongoing deforestation in Southeast Asia, Africa, and Brazil, is putting our climate, air, and nutrition at huge and wholly unnecessary risk. In the United States, the Trump administration’s promotion of fossil fuels, despite American’s vast renewable-energy potential, adds to the absurdity. So does the renewed call by Brazil’s populist president, Jair Bolsonaro, to develop — that is, to deforest — the Amazon.

Governments and utility commissions should require that all new power-generating capacity is zero carbon. As old fossil-fuel plants age and are shut down, they should be replaced by clean power generation on a competitive basis, for example through. China and India, in particular, should stop building new coal-fired power plants at home, and capital-exporting countries such as China and Japan should stop financing new coal-fired plants in the rest of Asia, such as Pakistan and the Philippines.

The story with land use is the same. If Bolsonaro really thinks he’s going to bring about a Brazilian economic boom by opening the Amazon to further deforestation for soybeans and cattle ranches, he should think again. Such an effort would isolate Brazil and force the major downstream food companies, facing the threat of a massive global consumer backlash, to stop buying Brazilian products.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business Maverick: Analysis: The Future of Economic GrowthJim O’Neill, former chairman of Goldman Sachs Asset Management and a former UK Treasury Minister, on the growing divide between economic theory and real-world economic conditions
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

Business Maverick: Monday, April 15: Five Things You Need to Know to Start Your DayGlobal finance leaders are concerned but also confident of rebound, Asian equity markets set to open higher, and Draghi defends Fed against Trump. Here’s what’s moving markets.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »