Skip to content

Paris Agreement 1.5 Degrees Celsius

by Brian on September 30, 2021

CA projects such as IMPACT & HAPPI have contributed to the growing knowledge of ways to limit warming to 1.5 degrees, as well as the resulting effects and vulnerabilities. There is growing evidence that a significant shift in the climate of economies and spending towards low-carbon, climate-resilient infrastructure and services requires the development of global and national financial systems. It is estimated that in addition to the climate-friendly public investment allocation, it is necessary to deviate from 5 to 10% of annual capital income1 in order to limit warming to 1.5 °C {4.4.5, Table 1 in Box 4.8}. This could be facilitated by changing incentives for daily private spending and redirecting savings from speculative and precautionary investments to productive and low-emission assets and services over the long term. .

From → Uncategorized

Comments are closed.