We’re Aiming for the Wrong Climate Targets — Let’s Talk About Improving Our Aim

Let’s forget about national boundaries and governments for a minute and face the fact that the whole world needs to reduce its collective greenhouse gas emissions. We — meaning all of humanity — need to emit close to 50% less by 2030 (and get to net-zero emissions by 2050). So far global emissions are still rising, so we need to make a dramatic turn in the next few years if we are to avoid the most catastrophic effects of climate change. It’s a global problem — greenhouse gases emitted anywhere, cause problems everywhere.

Responsibility
How are we going to pull this off? Some would argue that each nation should reduce its emissions by roughly 50%. Despite the apparent even-handedness of that approach, it would be incredibly unfair and inequitable. Some nations have emitted far more greenhouse gases than others and played a much larger role in creating the climate problem.

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Only a Global Green New Deal Will Work

It will cost the nations of the world roughly $73 trillion to transition to completely renewable energy by 2050, according to a report from Stanford University. The expense will pay for itself in under 7 years. The shift to a zero-carbon global economy will also create 28.6 million more full-time jobs than if nations continued their use of fossil fuels at current levels. After the payback period trillions of dollars will be saved annually.

Only about 10% of the $73 trillion will be required to transition the United States. So that leaves a lot of money that needs to be spent outside the U.S., much of it in poor, developing nations. These nations don’t have the resources to make those investments themselves, but they are critical to stopping global warming.

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