Operationalizing the net-negative carbon economy

The remaining carbon budget for limiting global warming to 1.5 degrees Celsius will probably be exhausted within this decade1,2. Carbon debt3 generated thereafter will need to be compensated by net-negative emissions4. However, economic policy instruments to guarantee...

Designing a Meaningful Global Stocktake

The first global stocktake (GST) under the Paris Agreement, the lynchpin of the its ambition cycle, takes place from 2021–23 and serves as the first official checkpoint to assess Parties’ collective progress on climate action. This paper investigates how the GST,...