RICH nations’ climate hypocrisy is accelerating global heating, pushing the planet closer to irreversible catastrophe, with its worst consequences bor...
The Intergovernmental Panel on Climate Change estimates current trends will increase the average temperature by 2.7°C by 2100. – REUTERSPIXnations’ climate hypocrisy is accelerating global heating, pushing the planet closer to irreversible catastrophe, with its worst consequences borne by the poorest, both countries and peoples.
While ostensibly aimed at reducing emissions, such measures burden developing countries more, further deepening world inequalities.Similarly, carbon taxes, prices and emissions trading systems make it much harder for nations with fewer resources to afford adequate climate action. Limiting the average temperature increase to no more than 1.5°C above pre-industrial levels, as agreed to by the United Nations Framework Convention on Climate Change, will require a drastic reduction of carbon dioxide equivalent emissions by 45% below 2010 levels by 2030.
Carbon pricing claims to penalise GHG emitters for the economic damage and losses caused by global warming.Moreover, carbon market schemes have only made grossly inadequate impacts. Carbon taxes tend to be regressive, disproportionately burdening low-income individuals and countries. Commitments to achieve net-zero emissions typically rely on “offsetting”, which allows countries and companies to avoid reducing emissions.
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