Global Climate Policy Gains Ground Amidst Rising Challenges

1 min read
Source: Foreign Affairs
Global Climate Policy Gains Ground Amidst Rising Challenges
Photo: Foreign Affairs
TL;DR Summary

The article argues that the current global climate policy framework, centered around the UNFCCC and the Paris Agreement, is ineffective in achieving meaningful decarbonization. It highlights the failures of market-based solutions like carbon offsets and pricing, the broken promises of climate finance, and the influence of fossil fuel interests through investment protections. The author advocates for a shift away from the UNFCCC towards direct economic reforms, such as taxation and reducing fossil fuel subsidies, to accelerate the transition to green energy and address the climate crisis more effectively.

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