How to boost investment in climate protection
Today the developing world produces 63% of greenhouse-gas emissions, led by China and India. America and Europe cajole them in the hope of accelerating their transition away from fossil fuels. New onshore solar- and wind-power facilities are now cheaper to build than new coal and gas plants, and private finance will flow if regulated appropriately, proclaim Western officials. They preach at conferences like COP27 in Sharm El Sheikh, asking developing countries and the emerging industries in them to do more. But many take umbrage at this prejudicial framing.
Global warming is caused by the stock of greenhouse gases. The earth has a carbon budget, a fixed amount of atmospheric greenhouse gases, above which there are irreversible adverse effects.… Seguir leyendo »