Three Views Of Two Degrees
AbstractLimiting global warming to 2°Celsius above pre-industrial global mean temperature has become a widely endorsed goal for climate policy. It has also been severely criticized. We show how the limit emerged out of a marginal remark in an early paper about climate policy and distinguish three possible views of it. The catastrophe view sees it as the threshold separating a domain of safety from a domain of catastrophe. The cost-benefit view sees it as a strategy to optimize the relation between the costs and benefits of climate policy. The focal point view sees it as a solution to a complex coordination problem. We argue that the focal point view is the most appropriate. It leads to an emphasis on implementing effective steps towards a near-zero emissions economy, without panicking in the face of a possible temporary overshooting. After several decades of practical experiences, the focal point may or may not be redefined on the basis of knowledge gathered thanks to these experiences.
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Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal Climate Change Economics.
Volume (Year): 01 (2010)
Issue (Month): 03 ()
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- Ottmar Edenhofer & Christian Flachsland, 2012. "Die Nutzung globaler Gemeinschaftsgüter: Politökonomische Herausforderungen an die Klimapolitik," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 65(12), pages 29-35, 06.
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