July 27, 2021

Climate change has raised tricky questions over policy responses

Niranjan Rajadhyaksha writes on economic trade-offs involved in addressing climate change.


Excerpts below:


"From a heatwave in the Arctic region to devastating floods in many countries, the threat of climate change is now stark. Some new urgency can be seen in an official statement released by G20 environment ministers last weekend. It said that all 20 countries would try to limit global warming to 1.5° celsius above temperatures before the Industrial Revolution; this is a more aggressive target than that of the Paris agreement in 2015, when almost all countries in the world agreed to keep it below 2° celsius."


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