The report acknowledges that limiting global temperatures to 1.5℃ this century is now extremely difficult. Achieving net-zero global emissions by 2050 is the absolute minimum required to to avoid the worst climate impacts.
The US-economist Warren Mosler belongs to the protagonists of the Modern Monetary Theory (MMT). What MMT means? In the following exclusive interview he gives an answer to this as well as to the Fed’s quantative easing, how money comes actually into existence, and the crisis of the euro.