A global decarbonisation bond
The 2018 IPCC Special Report, Global Warming of 1.5 °C , calls attention to the inadequacy of ‘the current nationally stated mitigation ambitions as submitted under the Paris Agreement’ to control global warming within acceptable parameters. A strategy of decarbonisation is urgently required in this...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
IOP Publishing
2019-01-01
|
| Series: | Environmental Research Letters |
| Subjects: | |
| Online Access: | https://doi.org/10.1088/1748-9326/ab396f |
| _version_ | 1797747956633305088 |
|---|---|
| author | William Leiss |
| author_facet | William Leiss |
| author_sort | William Leiss |
| collection | DOAJ |
| description | The 2018 IPCC Special Report, Global Warming of 1.5 °C , calls attention to the inadequacy of ‘the current nationally stated mitigation ambitions as submitted under the Paris Agreement’ to control global warming within acceptable parameters. A strategy of decarbonisation is urgently required in this context, and where that strategy is most needed is in developing countries, which are, however, constrained by a shortage of capital to carry it out. This paper proposes that developed countries implement their promised $100 billion annual assistance to developing nations by issuing, by 2023, a $2.5 trillion Global Decarbonization Bond that will front-load the provision of appropriate technologies for this purpose. |
| first_indexed | 2024-03-12T15:59:03Z |
| format | Article |
| id | doaj.art-d65debc8bf6b4785b2e8363e56da26a3 |
| institution | Directory Open Access Journal |
| issn | 1748-9326 |
| language | English |
| last_indexed | 2024-03-12T15:59:03Z |
| publishDate | 2019-01-01 |
| publisher | IOP Publishing |
| record_format | Article |
| series | Environmental Research Letters |
| spelling | doaj.art-d65debc8bf6b4785b2e8363e56da26a32023-08-09T14:45:29ZengIOP PublishingEnvironmental Research Letters1748-93262019-01-0114909100310.1088/1748-9326/ab396fA global decarbonisation bondWilliam Leiss0https://orcid.org/0000-0002-5192-1788School of Policy Studies, Queen’s University , Canada; McLaughlin Centre for Population Health Risk Assessment, University of Ottawa , CanadaThe 2018 IPCC Special Report, Global Warming of 1.5 °C , calls attention to the inadequacy of ‘the current nationally stated mitigation ambitions as submitted under the Paris Agreement’ to control global warming within acceptable parameters. A strategy of decarbonisation is urgently required in this context, and where that strategy is most needed is in developing countries, which are, however, constrained by a shortage of capital to carry it out. This paper proposes that developed countries implement their promised $100 billion annual assistance to developing nations by issuing, by 2023, a $2.5 trillion Global Decarbonization Bond that will front-load the provision of appropriate technologies for this purpose.https://doi.org/10.1088/1748-9326/ab396fParis agreementdecarbonisationdeveloping countries2030 targetsglobal warming |
| spellingShingle | William Leiss A global decarbonisation bond Environmental Research Letters Paris agreement decarbonisation developing countries 2030 targets global warming |
| title | A global decarbonisation bond |
| title_full | A global decarbonisation bond |
| title_fullStr | A global decarbonisation bond |
| title_full_unstemmed | A global decarbonisation bond |
| title_short | A global decarbonisation bond |
| title_sort | global decarbonisation bond |
| topic | Paris agreement decarbonisation developing countries 2030 targets global warming |
| url | https://doi.org/10.1088/1748-9326/ab396f |
| work_keys_str_mv | AT williamleiss aglobaldecarbonisationbond AT williamleiss globaldecarbonisationbond |