Decoupling economic growth from greenhouse gas emissions

A view of the recently spreading flames in California. [Aarti Kalyani/Shutterstock]

In 2018, heat records were set in almost all regions, from Asia to North America, Africa and Northern Europe. Wildfires, droughts, intense rainfalls, typhoons and mudslides brought with them human tragedies and disruptions to economic activity. 

In a world already impacted by climate change, the global community still falls short of meeting the Paris Agreement’s goal on curbing climate change under the “well-below 2°C” target. 

At this stage, it requires rapid, far-reaching and unprecedented changes in all aspects of society, according to the the Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.5ºC (SR15).

This means the global community gathered at the COP24 will have to agree a roadmap on how to shift trillions of euros to transform the global economy and decouple global economic growth from greenhouse gas emissions. And turn the economy from brown to green. 

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