Net zero CO2 emissions by 2050: Which countries will suffer the most?
Many OECD countries (the United States, the European Union, Japan, the United Kingdom, etc.) have now decided to have net zero CO 2 emissions by 2050; China by 2060. The higher CO 2 emissions per capita or per unit of GDP are today, the more difficult this target will obviously be to meet. If a country starts from a high level of CO 2 emissions per capita (or per unit of GDP): Capital destruction (in sectors that produce or use fossil fuels) will be greater; Job destruction (in these same sectors) will also be greater; The need to increase taxes to finance incentives and to offset purchasing power losses will be greater; More savings will be used to invest in the energy transition and not in expanding production capacity. The growth outlook out to 2050 will therefore have to be reduced for countries that have high CO 2 emissions per capita (per unit of GDP) today. This is the case of the United States, China, Germany and Japan.