“It seems very worrying to me that our political leaders in Europe are unable to communicate that the rising cost of living today is caused by high fossil fuel prices,” explained Johan Rockstrom – director of the Potsdam Institute on Climate Change – to AFP.
ADVERTISING
Rockstrom released the book “Earth for All” (Land for all), in which he accuses governments of delaying tackling the oil and gas crisis, largely triggered by the conflict in Ukraine.
“The only reason we are currently experiencing this crisis is 30 years of lack of investment,” he accused.
“We have been warning since 1990 that we need to abandon fossil fuels,” he added.
ADVERTISING
The true costs of change
The price of trying to achieve the goal of zero CO2 emissions will be 5 billion dollars annually over the next 3 decades, according to a calculation by the consultancy McKinsey.
In his book, Rockstrom proposes that the International Monetary Fund (IMF) help cover the energy transition across the planet with 1 trillion dollars per year.
However, currently, the signatories of the Paris Agreement do not even agree on the 100 billion dollars that rich countries should already hand over to the least developed countries, whether in direct aid or in loans and debt cancellation.
ADVERTISING
It promeThis – which is partially not met each year – will be one of the topics of discussion at the next conference on climate change: COP27, in November this year.
(With AFP)
(🚥): may require registration and/or signature
(🇬🇧): content in English
(*): content in other languages is translated by Google Tradutor
