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- ItemTaking stock of national climate policies to evaluate implementation of the Paris Agreement([London] : Nature Publishing Group UK, 2020) Roelfsema, Mark; van Soest, Heleen L.; Harmsen, Mathijs; van Vuuren, Detlef P.; Bertram, Christoph; den Elzen, Michel; Höhne, Niklas; Iacobuta, Gabriela; Krey, Volker; Kriegler, Elmar; Luderer, Gunnar; Riahi, Keywan; Ueckerdt, Falko; Després, Jacques; Drouet, Laurent; Emmerling, Johannes; Frank, Stefan; Fricko, Oliver; Gidden, Matthew; Humpenöder, Florian; Huppmann, Daniel; Fujimori, Shinichiro; Fragkiadakis, Kostas; Gi, Keii; Keramidas, Kimon; Köberle, Alexandre C.; Aleluia Reis, Lara; Rochedo, Pedro; Schaeffer, Roberto; Oshiro, Ken; Vrontisi, Zoi; Chen, Wenying; Iyer, Gokul C.; Edmonds, Jae; Kannavou, Maria; Jiang, Kejun; Mathur, Ritu; Safonov, George; Vishwanathan, Saritha SudharmmaMany countries have implemented national climate policies to accomplish pledged Nationally Determined Contributions and to contribute to the temperature objectives of the Paris Agreement on climate change. In 2023, the global stocktake will assess the combined effort of countries. Here, based on a public policy database and a multi-model scenario analysis, we show that implementation of current policies leaves a median emission gap of 22.4 to 28.2 GtCO2eq by 2030 with the optimal pathways to implement the well below 2 °C and 1.5 °C Paris goals. If Nationally Determined Contributions would be fully implemented, this gap would be reduced by a third. Interestingly, the countries evaluated were found to not achieve their pledged contributions with implemented policies (implementation gap), or to have an ambition gap with optimal pathways towards well below 2 °C. This shows that all countries would need to accelerate the implementation of policies for renewable technologies, while efficiency improvements are especially important in emerging countries and fossil-fuel-dependent countries.
- ItemBetter insurance could effectively mitigate the increase in economic growth losses from U.S. hurricanes under global warming(Washington, DC [u.a.] : Assoc., 2023) Otto, Christian; Kuhla, Kilian; Geiger, Tobias; Schewe, Jacob; Frieler, KatjaGlobal warming is likely to increase the proportion of intense hurricanes in the North Atlantic. Here, we analyze how this may affect economic growth. To this end, we introduce an event-based macroeconomic growth model that temporally resolves how growth depends on the heterogeneity of hurricane shocks. For the United States, we find that economic growth losses scale superlinearly with shock heterogeneity. We explain this by a disproportional increase of indirect losses with the magnitude of direct damage, which can lead to an incomplete recovery of the economy between consecutive intense landfall events. On the basis of two different methods to estimate the future frequency increase of intense hurricanes, we project annual growth losses to increase between 10 and 146% in a 2°C world compared to the period 1980–2014. Our modeling suggests that higher insurance coverage can compensate for this climate change–induced increase in growth losses.