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DDC: 500 × Subject: environmental policy ×

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Now showing 1 - 4 of 4
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    Reply to Burgess et al: Catastrophic climate risks are neglected, plausible, and safe to study
    (Washington, DC : National Acad. of Sciences, 2022) Kemp, Luke; Xu, Chi; Depledge, Joanna; Ebi, Kristie L.; Gibbins, Goodwin; Kohler, Timothy A.; Rockström, Johan; Scheffer, Marten; Schellnhuber, Hans Joachim; Steffen, Will; Lenton, Timothy M.
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    Investment incentive reduced by climate damages can be restored by optimal policy
    ([London] : Nature Publishing Group UK, 2021) Willner, Sven N.; Glanemann, Nicole; Levermann, Anders
    Increasing greenhouse gas emissions are likely to impact not only natural systems but economies worldwide. If these impacts alter future economic development, the financial losses will be significantly higher than the mere direct damages. So far, potentially aggravating investment responses were considered negligible. Here we consistently incorporate an empirically derived temperature-growth relation into the simple integrated assessment model DICE. In this framework we show that, if in the next eight decades varying temperatures impact economic growth as has been observed in the past three decades, income is reduced by ~ 20% compared to an economy unaffected by climate change. Hereof ~ 40% are losses due to growth effects of which ~ 50% result from reduced incentive to invest. This additional income loss arises from a reduced incentive for future investment in anticipation of a reduced return and not from an explicit climate protection policy. Under economically optimal climate-change mitigation, however, optimal investment would only be reduced marginally as mitigation efforts keep returns high.
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    Taking 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 Sudharmma
    Many 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.
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    Implications of potentially lower climate sensitivity on climate projections and policy
    (Bristol : IOP Publishing, 2014) Rogelj, Joeri; Meinshausen, Malte; Sedláček, Jan; Knutti, Reto
    Climate sensitivity, the long-term temperature response to CO2, has been notoriously difficult to constrain until today. Estimates based on the observed warming trends favor lower values, while the skill with which comprehensive climate models are able to simulate present day climate implies higher values to be more plausible. We find that much lower values would postpone crossing the 2 °C temperature threshold by about a decade for emissions near current levels, or alternatively would imply that limiting warming to below 1.5 °C would require about the same emission reductions as are now assumed for 2 °C. It is just as plausible, however, for climate sensitivity to be at the upper end of the consensus range. To stabilize global-mean temperature at levels of 2 °C or lower, strong reductions of greenhouse gas emissions in order to stay within the allowed carbon budget seem therefore unavoidable over the 21st century. Early reductions and the required phase-out of unabated fossil fuel emissions would be an important societal challenge. However, erring on the side of caution reduces the risk that future generations will face either the need for even larger emission reductions or very high climate change impacts.