ECB official Sleijpen said the remaining carbon budget to keep warming within
the Paris 1.5°C target is nearly exhausted, warning the choice is now between a
‘bad but manageable’ outcome and one that is ‘unmanageable’. Speaking in Manila
on Monday as chair of the Network for Greening the Financial System and a senior
figure at the Dutch central bank, he said scientific evidence shows emissions
allowances for 1.5°C are almost used up.
