Achieving the US government’s long-term goal of net zero carbon emissions by 2050 will require the enactment of stringent mitigation policies. The economic impacts would be significant for the US Southwest, consisting of Arizona, New Mexico, Oklahoma, and Texas.
The growing impact of climate change means that mitigation policy is becoming more prominent across the Nordic region. The transition policies that governments enact will have significant economic consequences, and their impact will be felt unevenly across regions. To help organisations understand the implications of different policies, we have developed a range of scenarios which plot potential pathways towards net zero.
The impact of policies to address climate change cannot be discussed only in national terms. There will be variations by region. Cities overall are likely to retain or increase their growth premia over national economies, but some will suffer.
The IPCC’s synthesis report updates the latest science on climate change. The message is familiar: unless emissions are cut rapidly and deeply, adverse climate impacts will intensify.
The Global Climate Service quantifies the macroeconomic impacts of five climate scenarios against a stated policies baseline. These scenarios help businesses understand the trade-offs and implications of climate mitigation.
The impact of policies to address climate change cannot be discussed only in national terms. There will be variations by region. Cities overall are likely to retain or increase their growth premia over national economies, but some will suffer.
Achieving a net zero and carbon neutral world by 2050 is the defining challenge of our age. It relies on many partners working together to shoulder great costs, and to do so as equitably and efficiently as possible. It is important for policymakers to be honest about the challenges businesses, investors, and consumers will have to face if we are to halt global warming on the sort of timescales scientists are telling us is necessary.
