Filters

2008 - 200912010 - 20181

More filters

20202
Reset filters

Settings

Author: Schellnhuber, H.J. × Subject: Economics ×

Search Results

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    Stern's Review and Adam's fallacy
    (Dordrecht [u.a.] : Springer, 2008) Jaeger, C.; Schellnhuber, H.J.; Brovkin, V.
    The Stern Review has played an enormous role in making the world of business aware of the challenge of long-term climate change. In order to make real progress on the basis of this awareness, it is important to pay attention to the difference between human suffering and losses of gross domestic product (GDP). The Review has compared climate change to experiences of suffering like World War I. That war, however, hardly affected global GDP. The long-term damages to be expected from business-as-usual greenhouse gas emissions include loss of the coastal cities of the world over the next millennia. This would be an act of unprecedented barbarism, regardless of whether it would slow down economic growth or perhaps even accelerate it. Business leaders worried about climate change need to pay attention to the tensions between ethical and economic concerns. Otherwise, a credibility crisis threatens global climate policy. An important step to establish the credibility needed for effective climate policy will be to gradually move towards a regime where emission permits are auctioned, not handed out as hidden subsidies. The revenues generated by permit auctions should be used to establish a global system of regional climate funds. © 2008 The Author(s).
  • Thumbnail Image
    Item
    City-level climate change mitigation in China
    (Washington : American Association for the Advancement of Science (A A A S), 2018) Shan, Y.; Guan, D.; Hubacek, K.; Zheng, B.; Davis, S.J.; Jia, L.; Liu, J.; Liu, Z.; Fromer, N.; Mi, Z.; Meng, J.; Deng, X.; Li, Y.; Lin, J.; Schroeder, H.; Weisz, H.; Schellnhuber, H.J.
    As national efforts to reduce CO2 emissions intensify, policy-makers need increasingly specific, subnational information about the sources of CO2 and the potential reductions and economic implications of different possible policies. This is particularly true in China, a large and economically diverse country that has rapidly industrialized and urbanized and that has pledged under the Paris Agreement that its emissions will peak by 2030. We present new, city-level estimates of CO2 emissions for 182 Chinese cities, decomposed into 17 different fossil fuels, 46 socioeconomic sectors, and 7 industrial processes. We find that more affluent cities have systematically lower emissions per unit of gross domestic product (GDP), supported by imports from less affluent, industrial cities located nearby. In turn, clusters of industrial cities are supported by nearby centers of coal or oil extraction. Whereas policies directly targeting manufacturing and electric power infrastructure would drastically undermine the GDP of industrial cities, consumption-based policies might allow emission reductions to be subsidized by those with greater ability to pay. In particular, sector-based analysis of each city suggests that technological improvements could be a practical and effective means of reducing emissions while maintaining growth and the current economic structure and energy system. We explore city-level emission reductions under three scenarios of technological progress to show that substantial reductions (up to 31%) are possible by updating a disproportionately small fraction of existing infrastructure.