Net zero emissions by 2050?

In November 2021, the UN climate negotiations [COP-26] were held in Glasgow. According to the conventional wisdom, this marks the critical moment when nations will agree to what had previously been postponed – that is, the rulebook for genuine climate mitigation for the international community.

How will US President Joe Biden and British Prime Minister Boris Johnson help persuade China and the non-OECD world to slash their carbon footprint?

Does Australia’s current lack of a concrete commitment to net-zero by 2050 put it at a disadvantage in global capital markets? Or given that much of the rest of the world remains heavily dependent on fossil fuels, is an Australian commitment to net zero emissions by 2050 realistic?

Rupert Darwall, a regular contributor to The Spectator, National Review, Wall Street Journal, is author of The Age of Global Warming: A History.

Erwin Jackson is director of policy at the Investor Group on Climate change and Asia Investor Group on Climate Change.