Paris agreement urges developed countries to pay ... next to nothing for clean energy transitions

The recent Paris agreement urges developed countries to mobilize $100 bln/year for climate action in the developing world. But this is unlikely to have even a symbolic impact on clean energy transitions, because it could be achieved simply by re-labelling a large portion of the $135 billion of the already existing development assistance as "adaptation".

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2°C and the American Civil War

To save the climate we must leave a large part of proven fossil reserves in the ground. The abolition of slavery is one of the historic precedents of taking economic assets of similar size away from a politically powerful group.

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