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Atmospheric stabilization of CO2 emissions: Near-term reductions and absolute versus intensity-based targets

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  • Timilsina, Govinda R.

Abstract

This study analyzes CO2 emissions reduction targets for various countries and geopolitical regions by the year 2030 to stabilize atmospheric concentrations of CO2 at 450Â ppm (550Â ppm including non-CO2 greenhouse gases) level. It also determines CO2 intensity cuts that would be required in those countries and regions if the emission reductions were to be achieved through intensity-based targets without curtailing their expected economic growth. Considering that the stabilization of CO2 concentrations at 450Â ppm requires the global trend of CO2 emissions to be reversed before 2030, this study develops two scenarios: reversing the global CO2 trend in (i) 2020 and (ii) 2025. The study shows that global CO2 emissions would be limited at 42 percent above 1990 level in 2030 if the increasing trend of global CO2 emissions were to be reversed by 2020. If reversing the trend is delayed by 5 years, global CO2 emissions in 2030 would be 52 percent higher than the 1990 level. The study also finds that to achieve these targets while maintaining expected economic growth, the global average CO2 intensity would require a 68 percent drop from the 1990 level or a 60 percent drop from the 2004 level by 2030.

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  • Timilsina, Govinda R., 2008. "Atmospheric stabilization of CO2 emissions: Near-term reductions and absolute versus intensity-based targets," Energy Policy, Elsevier, vol. 36(6), pages 1927-1936, June.
    • Handle: RePEc:eee:enepol:v:36:y:2008:i:6:p:1927-1936
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    1. Kopp, Raymond, 2004. "Near-Term Greenhouse Gas Emissions Targets," Discussion Papers dp-04-41, Resources For the Future.
    2. John P. Weyant, Francisco C. de la Chesnaye, and Geoff J. Blanford, 2006. "Overview of EMF-21: Multigas Mitigation and Climate Policy," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 1-32.
    3. A. Denny Ellerman & Ian Sue Wing, 2003. "Absolute versus intensity-based emission caps," Climate Policy, Taylor & Francis Journals, vol. 3(sup2), pages 7-20, December.
    4. Michael Grubb, Carlo Carraro and John Schellnhuber, 2006. "Technological Change for Atmospheric Stabilization: Introductory Overview to the Innovation Modeling Comparison Project," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 1-16.
    5. Wang, Can & Chen, Jining & Zou, Ji, 2005. "Decomposition of energy-related CO2 emission in China: 1957–2000," Energy, Elsevier, vol. 30(1), pages 73-83.
    6. Lee, Kihoon & Oh, Wankeun, 2006. "Analysis of CO2 emissions in APEC countries: A time-series and a cross-sectional decomposition using the log mean Divisia method," Energy Policy, Elsevier, vol. 34(17), pages 2779-2787, November.
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    Cited by:

    1. Timilsina, Govinda R., 2012. "Economic implications of moving toward global convergence on emission intensities," Policy Research Working Paper Series 6115, The World Bank.
    2. Edvardsson Björnberg, Karin, 2013. "Rational climate mitigation goals," Energy Policy, Elsevier, vol. 56(C), pages 285-292.

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