EIEE Inside – Spring 2022 – We have the tools and the know-how

The IPCC just released the third volume of its Sixth Assessment Report. This volume, devoted to solutions and policies to reduce GHG emissions, is particularly important for two main reasons. First, all UN nations, including Russia and India, approved the summary policymakers with the main messages contained in the Report. These main messages clearly define a policy agenda in which climate change control is a priority. Second, for the first time, the IPCC emphasizes how technological development and diffusion, by reducing the cost of low carbon technologies and solutions, make the achievement of climate change control – even of ambitious GHG emission reductions – not only environmentally necessary, but also economically convenient in all economic sectors. Therefore, the urgency of emission reduction is coupled with the benefit of a safer, better and more profitable economic development.

Carlo Carraro, President Emeritus and Professor of Environmental Economics at Ca’ Foscari University of Venice, EIEE Executive Council