Fighting the climate crisis should be put at the heart of decisions made by the International Monetary Fund and other global institutions as part of a fundamental shake-up designed to reduce the influence of corporate power, John McDonnell has said.
Germany’s blessing means that Berlin joins the economic powerhouses of France, the Netherlands, Spain, Sweden and the United Kingdom in pushing for the EU’s economy to reducing carbon emissions to net-zero by 2050.
That is the conclusion of a major report bringing together the thinking of more than 50 leaders in business, academia, NGOs and the community sector, working with the CSIRO to model alternative futures for Australia. The report is described as a “clarion call” for the nation.
The inquiry by the Royal Society of Edinburgh, Scotland’s national academy, said a massive increase in low-carbon electricity production would be needed in order to reach the country’s new goal of net zero emissions by 2045.
It envisages a rise in carbon taxes, a multibillion-euro scheme to retro-fit houses, almost a million electric vehicles and a number of other measures to change behaviour by institutions, companies and individuals.
An increasing number of governments are translating that into national strategy, setting out visions of a carbon-free future. Is it enough? Of course not. But it is becoming the benchmark for leadership on the world stage.
Faced with growing calls for action on the climate crisis, aerospace companies gathering for the Paris air show next week are turning their thoughts to a future run on electricity rather than fossil fuels.