Net zero, the professed goal of governments worldwide to eradicate their carbon output, is at risk of failure. A growing backlash against the rising costs should prompt policymakers to rethink their approach.

Just over 90 per cent of global GDP (and 88 per cent of greenhouse-gas emissions) are now covered by national net zero targets, a monumental feat of climate diplomacy. Yet only 10 per cent of nations with such targets have detailed plans in place (and only half have even incomplete plans).

Bloomberg Opinion