Surging Rates and Geopolitical Tensions Threaten Global Climate Goals

Surging interest rates have made achieving net zero emissions by 2050 much more difficult and divisive. It was always ambitious, but now looks extremely expensive.

Many countries are pushing back on emissions reductions as priorities shift with high inflation and economic challenges. The international consensus is crumbling.

Reaching net zero requires huge investment, but high debt levels and rising interest costs have created major fiscal constraints for most countries.

Politicians face tough trade-offs between climate goals and other pressing spending needs. Proposed measures often face public backlash.

Geopolitical tensions, like the Russia-Ukraine war, are undermining cooperation needed for climate progress. Net zero looks increasingly difficult in today's uncertain world.