Wednesday, February 25, 2015

The Ideal Climate Deal

In Lima, nations concurred on a four-page document that acknowledges "grave concern" that the world is on a path to significantly exceed 2 degrees of warming. Starting next month, if they are ready to do so, nations are invited to reveal their goals for reducing greenhouse gas emissions, the class of pollutants from burning fossil fuels and the principal cause of global warming. The Lima instructions carefully avoid suggesting whether the goals codified in a Paris agreement should be legally binding or merely voluntary. Let's imagine for a moment what an ideal achievement -- an international agreement equal to the challenge -- would be at the upcoming COP. It should include following elements: full disclosures of nation's goals and action plans; international supprt and cooperation programs; involvment of private sector; an end of carbon emission subsidies; a universal price on carbon. Read more at