The world needs to shift towards goods that have a cleaner footprint, regardless of where they are produced
Around the world more than 60 countries and 100 cities have adopted, or promised to adopt, targets that will take them to net zero, typically by around 2050. The majority of the signatories are European countries, small island states, or rich cities or regions. This summer Britain and France became the first big economies to enshrine targets into law. The state of New York quickly followed.
If every country had a production-based net-zero target none of this would matter. At a global level, there is no difference between the carbon emissions that are produced and consumed. But so far targets have been set by economies that generate only a sixth of global. The volume of carbon that slips through is huge—a quarter of all global emissions are tied to trade flows.
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