While the crisis has led to a temporary decline in global carbon dioxide emissions, experts are warning it poses a serious threat to long-term climate change action by compromising global investments in clean energy and weakening industry environmental goals to reduce emissions.
"If the lesson learned is, you have to take the physical world and its risks seriously, it could make governments more likely to move fast — especially since interest rates in much of the world are now effectively zero," he said. , said the virus will hinder climate change action from corporations and countries despite the short-term drop in carbon emissions from the outbreak.
While demand will likely bounce back after the worst of the pandemic is over and people return to flying, the industry has cited financial turmoil from the virus as a reason to weaken or delay environmental programs in place to reduce emissions. Aviation accounts for 2% to 3% of global carbon emissions.
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Yup, climate change. That’s a top priority right now.
Everyone's just going to stay home anyway. Problem solved.
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How much does it help our carbon footprint if no one flies in 2020?
Fewer cars on the road
What a travesty. Coronavirus can kill you this week. The climate has been changing since there was one, so maybe don't try to use it gain sympathy for your friend Al Gore's carbon credit trading business.
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