Carbon conundrum

The slow pace of global action on climate change has prompted some in the developed world to talk up the concept of a ‘carbon border tax’. But any effort to implement such a move will have significant implications for developing countries. To be clear on the context, signatories to the Paris Agreement of 2015 agreed to limit temperature rises to less than two degrees Celsius above preindustrial levels by bringing emissions to net zero in 2050. Earlier this year, an initial assessment covering 40 per cent of the signatories to the agreement showed little progress had been made. (Read More)