Relevance : GS Paper III
Context
The most recent IPCC mreport suggests that we might have just over a decade left to limit global warming.
What the report says
- Total global emissions will need to fall by 45% from 2010 levels by 2030 and reach net zero by 2050.
- If these targets are not met, tropical regions of the world, are likely to be most negatively affected.
Sharing the burden
- The global South happens to be at the receiving end of the lifestyle choices made by the global North.
- Both the worlds need to contribute to avert this danger in their self-interest.
- A just approach would involve sharing of the responsibility among countries according to their respective shares in global emissions.
Carbon trading
- Carbon trading process has its own limitations.
- The proposal of a Just Energy Transition (JET), premised on a sense of global justice is a better alternative.
What to do ?
- massive investments for the green energy programme
- support the transition for the countries at the bottom.
- global energy transition should be financed through a system of the global carbon tax.
- Countries which emit more than the global per capita average should fund energy transition of those who are below this average.