Since the 2015 Paris Agreement, countries have intensified climate action and many have committed to reach net zero emissions by 2050, meaning that any additional carbon emissions will be offset completely by carbon emissions withdrawn from the atmosphere. Green investment and R&D support are unlikely to be enough to reach net zero emissions by mid-century. Investing in R&D is also key – further technological progress in low-carbon technologies will be needed to make the transition to net zero feasible. Major carbon emitters like China, the EU, Japan, Korea, and the US have made pledges to reach net zero emissions by mid-century. Climate finance – financing emission-reducing investments in developing economies – would allow for a more even burden-sharing and help the global economy reach net zero emissions.

Source: The Nation July 25, 2021 18:45 UTC