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Description :
Decarbonisation is the reduction of carbon dioxide emissions using low carbon
power sources, lowering output of greenhouse gasses into the atmosphere.
This is essential to meet global temperature standards set by international
climate agreements. To limit global warming to 1.5&#176C hence avoiding the
worst-case scenarios predicted by climate science, the world economy must
rapidly reduce its emissions and reach climate neutrality within the next three
decades. This will not be an easy journey. Shifting away from carbon-intensive
production will require a historic transformation of the structure of our
economies. Written by a team of academics linked to the European think tank
Bruegel, The Macroeconomics of Decarbonisation provides a guide to the
macroeconomic fundamentals of decarbonisation. It identifies the major
economic transformations, both over the long- and short-run, and the
roadblocks requiring policy intervention. It proposes a macroeconomic policy
agenda for decarbonisation to achieve the climate goals of the international
community.

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Implications and Policies
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Decarbonisation is the reduction of carbon dioxide emissions using low carbon power sources, lowering
output of greenhouse gasses into the atmosphere. This is essential to meet global temperature
standards set by international climate agreements. To limit global warming to 1.5&#176C hence avoiding
the worst-case scenarios predicted by climate science, the world economy must rapidly reduce its
emissions and reach climate neutrality within the next three decades. This will not be an easy journey.
Shifting away from carbon-intensive production will require a historic transformation of the structure of
our economies. Written by a team of academics linked to the European think tank Bruegel, The
Macroeconomics of Decarbonisation provides a guide to the macroeconomic fundamentals of
decarbonisation. It identifies the major economic transformations, both over the long- and short-run, and
the roadblocks requiring policy intervention. It proposes a macroeconomic policy agenda for
decarbonisation to achieve the climate goals of the international community.

The Macroeconomics of Decarbonisation: Implications
and Policies