Browsing: climate change and economy

Potential presidential elect, Joe Biden, took to Twitter to express his administration’s desire to rejoin the Paris climate agreement as soon as he gets into office. The announcement comes on the heels of the official exit of the US from the agreement. While Trump announced his exit from the agreement years ago, the actual process took much longer.

As part of his campaign, the Democratic candidate submitted a plan involving $1.7 trillion costs to see the US becoming a net-zero carbon emitter by 2050. The US is currently the second-largest emitter of carbon in the world

What is the Paris Climate Agreement?

To keep global warming on the planet below 1.5 °C, emissions of carbon around the world have to go down to net-zero by 2050. According to the Intergovernmental Panel on Climate Change (IPCC), even a 0.5°C increase in temperature could lead to devastating effects such as droughts, …