Achieving a low-carbon economy is going to be messy, warn risk analysts

Read the full story at Treehugger.

From the signing of the Kyoto Protocol to a surge of interest around An Inconvenient Truth, climate activists have had cause for fleeting bursts of optimism over the years. Yet so far, those bursts of good news have too often been tempered by backsliding, pushback, or at very least, inadequate levels of progress. 

This isn’t simply a case of missed opportunities that can be “made up for” later. Each time we fail to act on climate, it dramatically steepens the scale of ambition at which later action will be necessary, limits what we can actually achieve, raises how much it will cost, and it narrows the window of time in which we can still make a meaningful difference…

The latest example comes from risk consultancy Verisk Maplecroft, whose 2021 Environmental Risk Outlook warns investors and policymakers alike that “disorderly transition” to a low carbon economy is now all but inevitable for G20 nations. Most strikingly, even better-than-most countries like the United Kingdom—which has cut emissions to Victorian-era levels, and recently upped its ambition—is still facing the prospect of a huge shortfall between its stated goals and the policies it is willing to enact…

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