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Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the ParisAgreement in the first place.
Thierry Philipponnat, Chief Economist at Finance Watch, warns that economic modelling must evolve to prompt policymakers to take action on climate. As these perilous climate projections unfold, one might expect an inevitable upheaval in the globaleconomy.
While climatescientists and some leading economists, such as Nicholas Stern and Joseph Stiglitz, have challenged the inadequate climate risk models used in economic reports, the majority of economists have not aligned their reports with climate science, it added.
Climatescientists have unambiguously told us how to avoid the grimmest consequences of climate change: achieve net-zero emissions by 2050. And the ParisAgreement has given us a roadmap to get there through ambitious Nationally Determined Contributions.
Opponents see it as red tape and a constraint on competitiveness, while many climate campaigners say its the bare minimum. The shift began with the ParisAgreement in 2015, when the Task Force on Climate-Related Financial Disclosures (TCFD) was created. Keep going when you get to the end.
As grief and fear spilled onto social media feeds, one climate leader held space for hope. There is an antidote to doom and despair, the architect of the landmark 2015 ParisAgreement on climate change posted. Its action on the ground, and its happening in all corners of the Earth.
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