Rising heat on climate change: Tougher the target, greater the cost

Paris Agreement targets by all countries will cost three or four times more if the target for temperature rise is kept below 1.5 degrees Celsius instead of 2 degrees Celsius

The United Nations’ Inter-governmental Panel on Climate Change (IPCC), a collective of more than 2,000 scientists working together, is set to produce a report answering two big questions. One, what would be the impact if global average temperatures rise by 1.5 degree Celsius above pre-industrial era levels? Two, what will it take to keep the temperature rise below this level?

A copy of the draft of the report has already leaked before the IPCC deliberates the final version. Business Standard reviewed a copy of the latest draft, which has been sent to all governments for their comments. 

Under the Paris