The International Monetary Fund publieshed a post by Christoph Bertram, Ottmar Edenhhofer, and Gunnar Luderer on the importance of implementing a comprehensive policy action.
Breathtaking progress in crucial green technologies has brightened prospects for achieving the unprecedented emissions reductions needed to limit global warming to 1.5°C, as envisioned by the Paris climate agreement. But it will take a full restructuring of global energy and land-use systems, with the right mix of policy incentives. Decision-makers can rely on an increasing body of knowledge and experience to encourage the deployment of existing green technologies and speed the development of newer technologies.
Attaining a path toward 1.5°C would not only greatly reduce risks associated with climate change, it would also carry a number of important co-benefits, ranging from improved air quality to the modernization of infrastructure and economies to increased energy sector employment and jobs with better long-term prospects.