Curbing climate change
How much global warming can we handle? No one knows exactly. Most researchers agree that 2 degrees is an acceptable level. That ambition is remote if things continue as today. Vattenfall has initiated two major studies with the ambition to show that it is not only necessary to curb climate change, but also possible.
Curbing climate change is about combining technology, finance and policy in a wise way. If that is done worldwide a CO2 market will follow. Technology is not an unsolvable problem, given time and incentives, neither is financing. The real challenge is policy.
To get on the right track, we need to reduce global CO2 emissions by 27 gigatonne by the year 2030. Is this possible to achieve? Yes. It will be demanding and requires mutual understanding and global cooperation. But the goal is within reach.
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