Big cuts in CO2 emissions are coming soon if humanity hopes to preserve a safe and stable climate system. Economies that maximize wealth per declining tonne of CO2 will be in the best position to maintain prosperity.
My chart above shows how much money each of the G20 nations produces for each tonne of CO2 (tCO2) emitted. The G20 nations create 90% world's GDP and 84% of global climate emissions. These are the nations that will dictate the response to the climate crisis. I've also included the provinces of Alberta and BC in my chart to highlight the radically different climate challenges within Canada.
Three examples will help illuminate the race...
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