Article published in Les Echos on March 30, 2023
The latest report from the Intergovernmental Panel on Climate Change (IPCC) does not, unfortunately, add much more to the debate on global warming than we already know: the famous threshold of 1.5°C will no doubt be breached in the next decade.
But the IPCC is not intended to recommend political choices: it sounds the alarm without providing the solutions to the problem. It never takes sides on possible measures. At most, it mentions that a carbon price can reduce CO2 emissions, and that it is set too low.
There is no mention on the possibility of interconnecting the emissions markets of different countries (leading to the financing of developing countries' efforts by developed countries) or on the relevance for a club of virtuous countries of a carbon tax at the borders, as currently considered by the European Union - which would potentially have a knock-on effect for the rest of the world...
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Illustration : Photo by Justin Wilkens on Unsplash
