🛢💸 The real deal about Carbon Pricing: Difference between revisions

source: https://ourworldindata.org/co2-and-other-greenhouse-gas-emissions</ref> Yes, scientists agree to say that emissions rates are falling too slowly to meet Paris Agreement pledges. Moreover, now that the majority of progress has been made in advanced industrialized countries by switching coal for gas, the hardest cuts are the ones to come, and they ask for ambitious measures: construction of renewable energy and/or nuclear plants, transition towards less emitting transportation systems, reshaping of agriculture and forestry sectors, etc. Making an efficient system even more frugal will require massive efforts that already well involved countries are not determined to make. For instance, even the EU “star pupil” is confronted to the fact that 55% of its emissions fall outside of its ETS.<ref>Nature website, <i>Prove paris was more than paper promises</i>, several scientists, 2017.

source: https://www.nature.com/news/prove-paris-was-more-than-paper-promises-1.22378</ref>

Nevertheless, according to European Commission, the GHG emissions of all Member States were reduced by 23% between 1990 and 2018; and they might be on-track to reduce furthermore by at least 40% by 2030 and net-zero emissions by 2050 (2015 Paris Agreement commitment). From 2017 to 2018 for instance, emissions declined by 2%, most significantly in sectors covered by EU ETS.<ref>EU Commission website, Progress made in cutting emissions, 2019.

source: https://ec.europa.eu/clima/policies/strategies/progress_en</ref> However, a large amount of CO2 is embedded in traded goods, making countries able to consume more emissions that they actually produce.<ref>Nature website, <i>Prove paris was more than paper promises</i>, several scientists, 2017.