They need to be cut by at least percent and as much as percent by the middle of the century in order to avert danger the report said. Such a dramatic reduction in carbon emissions will require the cooperation of China and India which depend heavily on coal Calderón said. Persuading them to rely on anything else will require an economic reason to do so he said. In fact the economic fight against coal is the reason HBS Professor Joseph Lassiter is bullish on fracking and nuclear power. If we provide economic arguments we will win this battle Calderon said.
The good news is that renewables are going down in terms of cost. Ending Fossil Fuel Subsidies Calderón and Henderson also discussed the idea of phasing out fossil fuel subsidies an idea that both support. As things stand total subsidies for fossil fuels are four times higher than subsidies for renewables Henderson said. Calderón also said he d like to see the United Nations redesigned Chinese Overseas America Number Data to streamline efforts to combat climate change. I think fixing climate change might be easier than reforming the United Nations Henderson responded wryly. Henderson asked Calderón about the Climate Change Conference in Cancun Mexico which took place during his presidency. He responded that he had been wary of taking a lead role in the conference having had attended the conference in that he deemed a terrible failure. In preparing for the Cancun conference.
Calderón discussed the climate change issue with government leaders all over the world. In talking with Chinese government officials he said he learned that China does acknowledge climate change. But what they didn t want was to obey or follow any instructions coming from the United States which was understandable he said. The conversation concluded with Henderson asking Calderón what audience members could do individually. He issued a forensic call to arms. Help me to provide new economic arguments for the new climate economy he said. We need to provide economic arguments.