The Brutal Economics of Reaching Net Zero

By J.B. MacKinnon – Bloomberg

Last year, at the 28th annual United Nations Climate Change Conference, almost 200 countries pledged to help reach “net zero”—the point at which human civilization no longer emits greenhouse gases or else removes from the atmosphere the small amount we still do—by 2050. More than half the world’s largest corporations have made comparable commitments. If we pull it off, we might limit the planet’s heating to not much more than 1.5C, which would already be costly and damaging.