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Leadership on Carbon Pricing in 2020-21
, overwhelmed health care systems, closed borders, and brought economies to a near halt over the past year. As future generations look back at this time, they will see this pandemic as one of humanity s greatest tragedies, but they will also see our resilience. Through collaboration and collective action, we now need to focus on building back better and set a path toward green, resilient and inclusive development in the long term.
Like COVID-19, the climate crisis does not stop at borders, and we need the same level of urgent and decisive action. Despite the global health crisis, 2020 saw the largest alliance of countries and corporations committing to achieving net-zero carbon emissions by 2050 as part of the United Nations Race to Zero campaign. These commitments now cover at least 68% of the global economy, 56% of the global population (over 4.2 billion people), and 61% of global greenhouse gas emissions. Our job now is to mobilize this su
Released by: U.S. PIRG Education Fund Release date: Tuesday, April 20, 2021
Global warming is the existential challenge of our time, threatening lives, livelihoods and the future of the planet. Wildfires, extreme storms and other impacts of global warming are already causing devastation around the world. Those impacts will only become more dramatic over time unless we move to cut greenhouse gas (GHG) emissions immediately and dramatically.
To prevent the worst impacts of global warming, the United States must achieve carbon neutrality by 2050. The Intergovernmental Panel on Climate Change (IPCC) warns that world carbon emissions must reach net zero around 2050 to limit global warming to 1.5°C over preindustrial levels – the level beyond which catastrophic climate changes could occur.[i]
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DAVID MICHAEL TERUNGWA
As African countries steps up efforts to revise and submit their Nationally Determined Contributions (NDCs) to the UNFCCC there is the urgent need to include the carbon fee and dividend policy otherwise referred to as climate income as the continents carbon pricing policy to build back better post COVID19, reduce poverty and achieve the African Union Agenda 2063.
What is Carbon Fee and Dividend?
Carbon Fee and Dividend is the policy proposal created by Citizens’ Climate Lobby (CCL) to internalize the costs of burning carbon-based fuels. It’s the policy that climate scientists and economists alike say is the best first-step to reduce the likelihood of catastrophic climate change from global warming as well empowering the poverty through basic climate income.