"The climate issue"

" \n The climate issue \n \n\n \n In Ernest Hemingway\u2019s novel The Sun Also Rises , a character is asked how he went bankrupt. \u201cTwo ways,\u201d he answers. \u201cGradually, then suddenly.\u201d \n \n\n \n It\u2019s the same with climate change. The damage is becoming less and less gradual, and unless we take action, the world could suddenly reach an irreversible tipping point. \n \n\n \n We now know the problem is much worse than we once thought. It requires not incremental change, but radical overhaul\u2014roughly halving carbon emissions each decade through 2050. Getting there demands that we rapidly shift to renewables, build new electricity networks, increase energy efficiency, and embrace low-carbon transport. Cheaper renewable energy and technology advances make the move from carbon affordable and feasible. \n \n\n \n This special issue on climate, in partnership with the UN Climate Change Conference (COP26) , brings together a diverse range of voices from academics, policymakers, the private sector, and youth activists. It focuses on the urgent need for climate action and for different, mutually supportive climate policies. \n \n\n \n Contributors, including Amar Bhattacharya and Nicholas Stern,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS9iaGF0dGFjaGFyeWEtc3Rlcm4tQ09QMjYtY2xpbWF0ZS1pc3N1ZS5odG0_dXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPWdvdmRlbGl2ZXJ5In0.Q08H5BSlWxImeLmJRwjwQCxzmpC6cxWL5HOO8yA9IgM\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">identify \u00a0concrete solutions that can generate massive opportunities for jobs and growth, driven by stepped-up infrastructure investment and\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS9iZXpvcy1lYXJ0aC1mdW5kLWNsaW1hdGUtY2hhbmdlLWlubm92YXRpb24tbGV2aW4uaHRtP3V0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1nb3ZkZWxpdmVyeSJ9.irTcbozvvWcLWhwBxMMcL4-y_W4DYai9hhPFX6T9wfs\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">technological innovation \u00a0and supported by a\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS92YWxlcmllLXNtaXRoLWNpdGktcHJpdmF0ZS1zZWN0b3ItY2xpbWF0ZS1jaGFuZ2UuaHRtP3V0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1nb3ZkZWxpdmVyeSJ9.zb2zdHlk4U47JgB_tNBRyUp-vmJD65tt0aclxLLeckI\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">dynamic private sector . The IMF\u2019s Kristalina Georgieva\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS9rcmlzdGFsaW5hLWdlb3JnaWV2YS1jbGltYXRlLWlzc3VlLmh0bT91dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9Z292ZGVsaXZlcnkifQ.psdE0MlFbOauMs_1GG3sBmpNil478EThpDKjAf_loRk\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">recommends \u00a0credible carbon pricing policies to encourage the use of green energy, while Harvard\u2019s James Stock\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS9ob3ctdG8tZHJpdmUtZGVlcC1kZWNhcmJvbml6YXRpb24tc3RvY2suaHRtP3V0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1nb3ZkZWxpdmVyeSJ9.tSMDjuoTjCodGgDyRFV-uj_j9-UNdbN21X6QxLqFQMU\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">advocates \u00a0a shift to sector-specific policies, such as low-carbon aviation fuel.\u00a0 \n \n\n \n For Mark Carney, UN special envoy for climate action and finance, private finance can help turn the billions of public money into trillions of total climate investment. He\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS9tYXJrLWNhcm5leS1uZXQtemVyby1jbGltYXRlLWNoYW5nZS5odG0_dXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPWdvdmRlbGl2ZXJ5In0.FvgO0S8E3aPOzgGe_TnhHKLsIRHwl87UGc4AbN0UnJ8\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">proposes \u00a0ways to scale clean and green financial flows to emerging and developing countries\u2014critical to supporting the transition in these countries. \n \n\n \n We hear from policymakers. European Central Bank \u2019s Isabel\u00a0Schnabel\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS9pc2FiZWwtc2NobmFiZWwtRUNCLWNsaW1hdGUtY2hhbmdlLmh0bT91dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9Z292ZGVsaXZlcnkifQ.pxNWxYujP4EkN4reWqVFd2GGEAV-YLzq_sMmmEVLVpk\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">suggests \u00a0ways for central banks to act as catalysts for a more sustainable financial system. Maldives Environment Minister Aminath Shauna\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS9tYWxkaXZlcy1jbGltYXRlLWNoYW5nZS1hbWluYXRoLXNoYXVuYS10cmVuY2hlcy5odG0_dXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPWdvdmRlbGl2ZXJ5In0.Z1Lz8ZgqyEnKYDGR0ZErFBmZgzkhaB4y68ragWeaU0g\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">explains \u00a0how she is taking a holistic approach to help her low-lying island nation adapt to climate change, ranging from actions to preserve coral reefs to improving waste management. And we highlight how two countries\u2014Dominica and Finland\u2014are pursuing innovative ways to cope with climate\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA5MDcuNDU1ODI3ODEiLCJ1cmwiOiJodHRwczovL3d3dy5pbWYub3JnL2V4dGVybmFsL3B1YnMvZnQvZmFuZGQvMjAyMS8wOS9jbGltYXRlLWNoYW5nZS13aGF0LWlzLW1pdGlnYXRpb24tYW5kLWFkYXB0YXRpb24tYmVoc3VkaS1iYXNpY3MuaHRtP3V0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1nb3ZkZWxpdmVyeSJ9.TGswV8-v41QCy0CAvHVvOj6_JuZUUWDNSoI5Nlb9DuI\/s\/1181822789\/br\/111983614099-l\" target=\"_blank\">mitigation and adaptation , respectively. \n \n\n \n No transition is easy. It will require compensating the workers and businesses that bear the cost of a green transition. It means breaking down political economy impediments to rapid progress. It depends on collaboration by citizens, governments, corporations, financial institutions, philanthropists, and the scientific community. Perhaps most important, it will require that world leaders expand their ambition and action, including mobilizing finance to help developing economies adapt to climate shocks. \n \n\n \n But there is a path forward in what can become the inclusive growth story of the 21st century. If we rally to reverse the climate threat, then we may suddenly have a net zero world in view. \n \n\n \n I want to close by highlighting the stunning cover of the magazine by a young Malaysian artist, Nor Tijan Firdaus. Artists have the capacity to shape climate communications. The jarring composition\u2014an image of a young girl composed of discarded electronic components\u2014 forcefully reminds us of the consequences of human activity on the environment. Indeed, we have no time to waste. \n "

"The climate issue"

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