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An equitable redistribution of unburnable carbon

Author

Listed:
  • Steve Pye

    (University College London, Central House)

  • Siân Bradley

    (The Royal Institute of International Affairs, Chatham House)

  • Nick Hughes

    (University College London, Central House)

  • James Price

    (University College London, Central House)

  • Daniel Welsby

    (University College London, Central House)

  • Paul Ekins

    (University College London, Central House)

Abstract

The rapid phase-out of fossil fuels is critical to achieving a well-below 2 °C world. An emerging body of research explores the implications of this phase-out for fossil fuel producing countries, including the perceived tension between least-cost and most-equitable pathways. Here we present modelling, which re-distributes remaining fossil fuel production towards developing countries. We show that redistribution is challenging due to large economic disincentives required to shift production, and offers limited economic benefit for developing countries given the long timeframe required to effect change, and the wider impact of rising fuel import and energy systems costs. Furthermore, increases in production shares are offset by shrinking markets for fossil fuels, which are part dependent on carbon capture and storage (CCS). We argue that while there is a weak economic case for redistribution, there is a clear role for equity principles in guiding the development of supply side policy and in development assistance.

Suggested Citation

  • Steve Pye & Siân Bradley & Nick Hughes & James Price & Daniel Welsby & Paul Ekins, 2020. "An equitable redistribution of unburnable carbon," Nature Communications, Nature, vol. 11(1), pages 1-9, December.
  • Handle: RePEc:nat:natcom:v:11:y:2020:i:1:d:10.1038_s41467-020-17679-3
    DOI: 10.1038/s41467-020-17679-3
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    Cited by:

    1. Ediger, Volkan Ş. & Berk, Istemi, 2023. "Future availability of natural gas: Can it support sustainable energy transition?," Resources Policy, Elsevier, vol. 85(PA).
    2. Dan Welsby & Baltazar Solano Rodriguez & Pye Steve & Adrien Vogt-Schilb, 2022. "High and Dry: Stranded Natural Gas Reserves and Fiscal Revenues in Latin America and the Caribbean," Working Papers halshs-03410049, HAL.
    3. Pellegrini, Lorenzo & Arsel, Murat & Orta-Martínez, Martí & Mena, Carlos F. & Muñoa, Gorka, 2021. "Institutional mechanisms to keep unburnable fossil fuel reserves in the soil," Energy Policy, Elsevier, vol. 149(C).
    4. Draeger, Rebecca & Cunha, Bruno S.L. & Müller-Casseres, Eduardo & Rochedo, Pedro R.R. & Szklo, Alexandre & Schaeffer, Roberto, 2022. "Stranded crude oil resources and just transition: Why do crude oil quality, climate ambitions and land-use emissions matter," Energy, Elsevier, vol. 255(C).
    5. Lorenzo Pellegrini & Murat Arsel & Gorka Muñoa & Guillem Rius-Taberner & Carlos Mena & Martí Orta-Martínez, 2024. "The atlas of unburnable oil for supply-side climate policies," Nature Communications, Nature, vol. 15(1), pages 1-13, December.
    6. Alejandro Huertas Herrera & Mónica D. R. Toro-Manríquez & Cristian Lorenzo & María Vanessa Lencinas & Guillermo Martínez Pastur, 2023. "Perspectives on socio-ecological studies in the Northern and Southern Hemispheres," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    7. Yu Liu & Mingxi Du & Qi Cui & Jintai Lin & Yawen Liu & Qiuyu Liu & Dan Tong & Kuishuang Feng & Klaus Hubacek, 2022. "Contrasting suitability and ambition in regional carbon mitigation," Nature Communications, Nature, vol. 13(1), pages 1-9, December.
    8. Jan-Philipp Sasse & Evelina Trutnevyte, 2023. "A low-carbon electricity sector in Europe risks sustaining regional inequalities in benefits and vulnerabilities," Nature Communications, Nature, vol. 14(1), pages 1-15, December.

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