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Version: publishedVersion × search.filters.applied.f.series: Nature Communications 12 (2021) × Subject: carbon ×

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    Alternative carbon price trajectories can avoid excessive carbon removal
    ([London] : Nature Publishing Group UK, 2021) Strefler, Jessica; Kriegler, Elmar; Bauer, Nico; Luderer, Gunnar; Pietzcker, Robert C.; Giannousakis, Anastasis; Edenhofer, Ottmar
    The large majority of climate change mitigation scenarios that hold warming below 2 °C show high deployment of carbon dioxide removal (CDR), resulting in a peak-and-decline behavior in global temperature. This is driven by the assumption of an exponentially increasing carbon price trajectory which is perceived to be economically optimal for meeting a carbon budget. However, this optimality relies on the assumption that a finite carbon budget associated with a temperature target is filled up steadily over time. The availability of net carbon removals invalidates this assumption and therefore a different carbon price trajectory should be chosen. We show how the optimal carbon price path for remaining well below 2 °C limits CDR demand and analyze requirements for constructing alternatives, which may be easier to implement in reality. We show that warming can be held at well below 2 °C at much lower long-term economic effort and lower CDR deployment and therefore lower risks if carbon prices are high enough in the beginning to ensure target compliance, but increase at a lower rate after carbon neutrality has been reached.
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    Spatially explicit analysis identifies significant potential for bioenergy with carbon capture and storage in China
    ([London] : Nature Publishing Group UK, 2021) Xing, Xiaofan; Wang, Rong; Bauer, Nico; Ciais, Philippe; Cao, Junji; Chen, Jianmin; Tang, Xu; Wang, Lin; Yang, Xin; Boucher, Olivier; Goll, Daniel; Peñuelas, Josep; Janssens, Ivan A.; Balkanski, Yves; Clark, James; Ma, Jianmin; Pan, Bo; Zhang, Shicheng; Ye, Xingnan; Wang, Yutao; Li, Qing; Luo, Gang; Shen, Guofeng; Li, Wei; Yang, Yechen; Xu, Siqing
    As China ramped-up coal power capacities rapidly while CO2 emissions need to decline, these capacities would turn into stranded assets. To deal with this risk, a promising option is to retrofit these capacities to co-fire with biomass and eventually upgrade to CCS operation (BECCS), but the feasibility is debated with respect to negative impacts on broader sustainability issues. Here we present a data-rich spatially explicit approach to estimate the marginal cost curve for decarbonizing the power sector in China with BECCS. We identify a potential of 222 GW of power capacities in 2836 counties generated by co-firing 0.9 Gt of biomass from the same county, with half being agricultural residues. Our spatially explicit method helps to reduce uncertainty in the economic costs and emissions of BECCS, identify the best opportunities for bioenergy and show the limitations by logistical challenges to achieve carbon neutrality in the power sector with large-scale BECCS in China.
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    Combining ambitious climate policies with efforts to eradicate poverty
    ([London] : Nature Publishing Group UK, 2021) Soergel, Bjoern; Kriegler, Elmar; Bodirsky, Benjamin Leon; Bauer, Nico; Leimbach, Marian; Popp, Alexander
    Climate change threatens to undermine efforts to eradicate extreme poverty. However, climate policies could impose a financial burden on the global poor through increased energy and food prices. Here, we project poverty rates until 2050 and assess how they are influenced by mitigation policies consistent with the 1.5 °C target. A continuation of historical trends will leave 350 million people globally in extreme poverty by 2030. Without progressive redistribution, climate policies would push an additional 50 million people into poverty. However, redistributing the national carbon pricing revenues domestically as an equal-per-capita climate dividend compensates this policy side effect, even leading to a small net reduction of the global poverty headcount (−6 million). An additional international climate finance scheme enables a substantial poverty reduction globally and also in Sub-Saharan Africa. Combining national redistribution with international climate finance thus provides an important entry point to climate policy in developing countries.