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The Yellow Brick Road to a Decarbonized World Economy

In: Fault Lines After COVID-19

Author

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  • Brynhildur Davídsdóttir

    (University of Iceland)

Abstract

Anthropogenic climate change, caused by emissions of greenhouse gases, is the largest global environmental threat the world is facing today. The world community has responded to the climate change threat through international agreements, most recently the Paris Agreement which aims to limit the increase in average global temperatures below 2 °C and as close to 1.5 °C as possible. The Intergovernmental Panel on Climate Change has shown that to fulfil the aims of the Paris Agreement global carbon neutrality needs to be reached by 2050, and the world economy needs to become decarbonized. Yet greenhouse gas emissions continue to increase with little evidence of decarbonization. This chapter reviews how greenhouse gas emissions are changing worldwide, examines the relationship between mitigation actions and decarbonization and examines selected central elements of achieving decarbonization. These elements include acknowledging and measuring system-level impact of mitigation actions, including consumption and life cycle–based emission metrics, and developing a new global narrative where the multiple benefits of climate action are acknowledged.

Suggested Citation

  • Brynhildur Davídsdóttir, 2023. "The Yellow Brick Road to a Decarbonized World Economy," Springer Books, in: Robert Z. Aliber & Már Gudmundsson & Gylfi Zoega (ed.), Fault Lines After COVID-19, pages 317-332, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-26482-5_19
    DOI: 10.1007/978-3-031-26482-5_19
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