Next month, the 2021 United Nations Climate Change Conference, also known as COP26, will get under way, setting the climate agenda for decades to come, and ahead of the summit, Western leaders have been scrambling to make promises to reach net zero carbon emissions by 2050. Some economists, however, are warning that in the pledge-making rush, political leaders are making promises they’re unlikely to be able to keep without major economic damage and are not being honest with voters about the huge transformation that’s going to be needed, and the large costs involved, most of which are likely to be …
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