This table from CleanTechnica shows the CO2 emissions for the 20 largest emitters. Note that China now emits twice as much as the US and that the top 3 (China, US, India) are 50% of the total. If you add the EU (roughly 10%) and Japan and South Korea, that's approximately 2/3rds of total emissions. This is a relatively small group, and it will be much easier to achieve consensus among themselves than at a global forum where all 140 plus countries have a say And note that all the tiddlers, producing roughly 1% or less, nevertheless make up 1/3rd of total emissions. If the top 6 agree among themselves to slash emissions, and in fact they all have programs in place, the rest, including Australia, will be under intense pressure to follow suit.
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
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