Following a raft of net zero target announcements in 2020 and 2021, scrutiny is mounting about the plans to get there. Some countries have detailed outlines of how they will reduce their emissions to net zero, but many still do not. Thanks to countries with detailed plans we have an idea of the task at hand to decarbonize at the country level, but it is hard to imagine what it will take on a global basis. This is especially true given that the current global pledges won’t get us to net zero in time to limit the temperature rise to 1.5°C.

The document was published in the IMF's "Finance & Development" magazine. Click here to access the document.

Source: IMF, Finance & Development, December 2021 issue

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