The exponential climate action roadmap

This report from the “Global Climate Action Summit” outlines a plan to actually meet the Paris agreement.

The Paris Agreement’s goal to reduce the risk of dangerous
climate change can be achieved if greenhouse gas emissions
peak by 2020, halve by 2030 and then halve again by 2040
and 2050. This is now technologically feasible and economically
attractive but the world is not on this path.

They identify actions in energy, industry, buildings, transport, food, agricultural, and forestry, as well as carbon capture and storage technology.

Here’s one more paragraph that caught my eye:

If current diffusion rates of renewable energy technology continue into the 2020s, the sudden drop in demand for fossil fuels before 2030 will create “stranded assets” – worthless pipelines, coal mines and oil wells – which could lead to losses on the scale of trillions of dollars by 2035. China and parts of Europe importing fossil fuels stand to benefit most from the bursting carbon bubble, while the US, Canada, Russia and others stand to lose an estimated $4 trillion if climate action falters now and so requiring stronger policies later to avoid catastrophes

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