Last week the European Commission launched its 2050 Strategy that shows a path to achieving “climate neutral” economy, or net zero greenhouse gas emissions, by 2050.
This goal, set out before the latest UN conference on climate change in the coal-mining centre of Katowice, Poland, is ambitious. Questions remain about how realistic this target is, what it could cost to achieve, and what would be its global impact on climate change — because Europe’s share of world greenhouse gas emissions is only 10 per cent and shrinking.
The answers provided in the analysis that accompanies the strategy statement are bold. They show that European climate neutrality by 2050 is possible and affordable. It would require, however, a different economic mindset.
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