Market failure and climate change

IB Economics: Market failure and climate change

The weight of expectation hangs heavily on world leaders as they meet for the global climate summit in Glasgow this week. Reaching an agreement that limits global warming to 1.5 degrees is a challenging target, but one climate scientists believe has to be achieved.Here are some thoughts on 10 Economic issues from Cop26:1. Sustainability is a key factor influencing the policies used to reduce carbon emissions. Using fossil...


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