Implementation: Decarbonisation and Economic Growth
Abstract
The implementation process for the COP21 Agreement must now start in order to have any chance of succeeding with its main objective of a 40% reduction in CO2 emissions. Actually, this process of implementation can be imagined to go on for the entire century, as COP21 promises a carbon free economy sometime after 2050. However, policy implementation is difficult to achieve, especially in a heavily decentralised structure. It is likely that many governments will only deliver small changes in emission decreases, but keep lots of fossil fuel energy sources in order to maintain a positive rate of economic growth. Complete decarbonisation of entire societies is a figment of the imagination.
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PDFDOI: https://doi.org/10.11114/aef.v3i3.1606
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Applied Economics and Finance ISSN 2332-7294 (Print) ISSN 2332-7308 (Online)
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