The 2015 climate agreement in Paris should “provide a clear pathway to zero net emissions before 2100,” World Bank President Jim Yong Kim told an audience in Washington, DC this week.
Describing climate change as a “fundamental threat to development in our lifetime,” Kim called on climate negotiators from 190 countries to adopt “binding language” in the global accord next year. He described carbon pricing as “a necessary, if not sufficient, step in any journey to zero net emissions,” RTCC reports.
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“For the bank’s part, Kim said it would continue to shift its energy portfolio away from fossil fuels and into renewables and efficiency investments,” King writes.
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