New Paper Offers Sweeping Plan to Decarbonize the Global Economy

http://feedproxy.google.com/~r/YaleEnvironment360/~3/7Iv5C9idCjA/

Eighteen prominent international climate scientists and economists have authored a paper that seeks to answer the most vexing environmental question facing the planet: How to reverse soaring carbon dioxide emissions and prevent the world from experiencing destabilizing climate change. Their answer, presented in the journal PLOS One, boils down to this: Offer global leaders a detailed blueprint for decarbonization that involves setting a steadily rising price on carbon, the large-scale deployment of nuclear power and renewable energy, increased research into low-carbon energy technologies, and a reform of forestry and agricultural policies that leads to massive sequestration of CO2 — all while not spending more than 1 percent of global gross economic output. “In terms of economics, comparing a path to decarbonization versus a path of wrecking the planet are not even close,” economist Jeffrey Sachs, a co-author of the paper and director of Columbia University’s Earth Institute, said at a press briefing. “We haven’t shown the path of decarbonzation clearly enough (and) what the real choices are.”

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