Deep decarbonization by 2050: Rethinking the role of climate finance

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There is broad consensus that limiting global warming to well below 2 degrees Celsius requires a peak in carbon emissions by 2020, a stable and steep decline through 2050, and close to net-zero emissions after mid-century. Many important actors the world over are now aligning around this 2050 lens for climate mitigation, with the knowledge that near-term incremental efforts that reduce emissions today will not be sufficient in the long run. While the details differ, in general the models show a need for enormous progress across a whole host of technologies and across every sector of the economy. Despite our progress in understanding the array of climate solutions needed, the investment implications of achieving midcentury decarbonization are less understood beyond encouragement to “scale-up.” Given the fundamental role finance plays in all facets of the global economy, it’s time to ask: How does a focus on 2050 change how we spend money today?

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https://climatepolicyinitiative.org/wp-content/uploads/2018/07/Deep-decarbonization-by-2050-rethinking-the-role-of-climate-finance.pdf
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Publication Date: 
01/06/2018
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