The Paris agreement to keep global warming “well below 2 °C above pre-industrial levels” demands that we replace fossil fuels with solar, wind, geothermal and biomass energy. Yet the global low carbon transiti0n may create winners and losers. Technology leaders of nations in the OECD and China will benefit most. Countries lacking technology and capital, mainly in the global south, will lose out. In my latest piece for Nature, I therefore call for the world’s 20 largest economies to take the helm in managing the transition from fossil fuels while keeping the global economy stable. Read more.
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