Ending the climate crisis: will it cost a fortune?
Climate Change has become one of the most significant risks for the well-being of our civilisation. Recent climate events have demonstrated that climate change is not only about turning our thermostats up by a few degrees, but it hurts our economies, can shave off several percentage points off national GDPs through extreme weather and its consequences, and also has been taking more and more lives. At the same time, the solutions have also never been so accessible: photovoltaics are the cheapest source of power in most of the world’s countries, countries representing over 90% of global emissions have net zero commitments around mid-century, along with also many companies, cities, and world regions. Nevertheless, emissions are still going up instead of the necessary substantial reductions. What are the risks we are running into and what are the opportunities if we choose the right paths towards holding global warming well under 2C?