From carbon insolvency to climate dividends
How observing the 2° target may lead to a new global order
If the G8’s goal of limiting global warming to 2°C is to be more than just lip service, radical decisions will need to be taken at the climate change conference in Copenhagen in December. An emissions-trading system based on a national per-capita emissions budget and tied to historical responsibility would offer enormous opportunities to developing countries and provide the key to a new low-carbon global order.