Delivering the World’s Most Important Corporate Rescue

This article is the second in a series of three that looks at the climate crisis through the lens of financial and economic frameworks. The authors posit that Climate Ltd (Earth) is a troubled company with severely negative cash margins (excess flows of emissions) and a rapidly worsening balance sheet (growing stock of emissions). The first step to turn the company around is to end negative margins, with a plan to target breakeven (net zero carbon emissions) by 2050.