Publisher: CEE Bankwatch Network

 

Date: November, 2009

 

Volume: 54 pages, pdf

 

 

There is now a prevailing consensus that climate change is one of the most urgent global problems, requiring fast and strong action. The need to both stamp out fossil fuel addiction and to stimulate energy efficiency measures on a large scale are recognised as core solutions to climate change. As the Intergovernmental Panel on Climate Change put it in 2007 (backed up by a wide range of subsequent studies that have even gone further), the economies of the world’s developed countries need to be decarbonised by mid-century, with mid-term reductions by 2020 of 25-40 percent of 1990 levels of carbon dioxide equivalent in the atmosphere.