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generations

Future Generations will Face Crippling Costs Without Action Now on Carbon Debt

6 mins read

The FINANCIAL — The historic UN Paris Agreement aims to limit global temperature rise to well below 2°C in the long run, but the concentration of CO2 in the atmosphere is still rising. If this trend continues, within just 10 years the world will exceed the total CO2 emissions that are consistent with limiting global warming to no more than 1.5°C. If the Paris climate goals are to be achieved, every tonne of CO2 emitted in excess of this ‘carbon budget’ will have to be removed at a later date, creating a potentially massive and rapidly increasing ‘carbon debt.’…

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Future Generations will Face Crippling Costs Without Action Now on Carbon Debt

6 mins read

The FINANCIAL — The historic UN Paris Agreement aims to limit global temperature rise to well below 2°C in the long run, but the concentration of CO2 in the atmosphere is still rising. If this trend continues, within just 10 years the world will exceed the total CO2 emissions that are consistent with limiting global warming…