What would happen if the U.S. commited to reduce its CO2 emissions by 50% ever decade?

Even if every country in the Paris Climate Agreement fulfills its pledge, we are no where near doing what we need to do to stop global warming at 2 degrees Celsius (the agreement goal). Can you talk about what it would look like if a capitalist economy such as the U.S. actually committed to reducing its CO2 emissions by 50% every decade, and made the massive investments in production efficiency needed to actually meet the Paris agreement goal? What would this mean for jobs? I understand there will be lots of "stranded assets" as fossil fuel facilities are closed down early.

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  • Cory Wentworth
    published this page in Ask Prof. Wolff 2018-02-01 13:31:36 -0500