[HIGHLIGHTS] “Despite 6,000 billion dollars invested in 15 years in renewable energies, 2023 broke records for coal consumption”

Eight years after the Paris Agreement, the decarbonization of the global economy has made little progress. Since the beginning of the century, the proportion of fossil fuels has barely fallen.

95% of coal-fired electricity is concentrated in a “club’ of 14 countries consuming more terawatt-hours (TWh) of coal per year. The mechanism we are proposing consists of imposing an import tax equal to a quarter of the coal electricity percentage on goods exported from the club of 14.