The real economy is not a side event in the global decarbonization effort
Heavy industry and long-distance transport account for 30% of GHG emissions. One of the adages of the environmental movement used to be “think global, act local”. There’s a lot to be said for encouraging individuals and organizations to take action close to home. But when it comes to addressing the climate impact of carbon-intensive industries, fragmented local action alone just won’t cut it. We must operate across borders to create systemic change across entire industrial sectors.
Heavy industry and long-distance transport, which account for 30% of global greenhouse gas (GHG) emissions are often referred to as “harder-to-abate” sectors because, in contrast to many other economic activities, they cannot simply be electrified and decarbonized by a switch to renewable power.
Yet these sectors hold the key to avoiding the worst impacts of climate change. Show that we can decarbonize these, and we can decarbonize the whole global economy.
Climate action in a global economy
The unavoidable truth is that we live in a global economy. Capital is mobile, as are the giant multinationals who can switch production between continents in response to demand, competition and regulatory changes. Climate change, too, is a global problem that requires a global solution.
But the attempt to […]