Context: To break this logjam of global warming and climate change and target zero carbon by 2050, the biggest emitters including India, should lead a two-pronged global initiative: one, carbon pricing that all nations can adopt; two, a vast increase in green investment.
Message from IPCC’s Sixth Assessment Report (AR-6)
Carbon Pricing as the solution: Recently, IMF proposed setting a global minimum price for carbon emissions.
Raising green investments: