The climate crisis represents a threat to the future health of our planet. According to a 2021 report by the Climate Action Tracker group, the world is headed for 2.4°C warming by the end of the century, a trend which will continue to fuel more intense storms, heat waves, and droughts — driving instability at the foundations of human societies around the globe. Now is a critical time for sustainable practices to be implemented throughout our economic systems to reduce the impact of human activities on the planet.
As a result of this burgeoning crisis, governments are stepping in to curb their emissions with emissions targets. The UK and EU have set the goal of net zero by 2050, while also setting the intermediate target of reducing net greenhouse gas emissions by at least 55 per cent by 2030. These targets will shape economic choices in the years to come, especially in the face of the global trend of city migration.