IDEAS home Printed from https://ideas.repec.org/a/spr/climat/v110y2012i3p523-542.html
   My bibliography  Save this article

Beyond Copenhagen: a realistic climate policy in a fragmented world

Author

Listed:
  • Carlo Carraro

    ()

  • Emanuele Massetti

    ()

Abstract

We propose a realistic approach to climate policy based on the Copenhagen Agreement to reduce Greenhouse Gases (GHGs) emissions. We assess by how much the non-binding, although official, commitments to reduce emissions made in Copenhagen will affect the level of world GHGs emissions in 2020. Our estimates are based on official communications to the UNFCCC, on historic data and on the Business-as-Usual scenario of the WITCH model. We are not interested in estimating the gap between the expected level of emissions and what would be needed to achieve the 2°C target. Nor do we attempt to calculate the 2100 temperature level implied by the Copenhagen pledges. We believe these two exercises are subject to high uncertainty and would not improve the current state of negotiations. Rather, we take stock of the present politically achievable level of commitment and suggest an effective way to push forward the climate policy agenda. The focus is on what can be done rather than on what should be done. To this end, we estimate the potential of the financial provisions of the Copenhagen Agreement to sponsor mitigation effort in Non-Annex I countries. Using scenarios produced with the WITCH model, we show that lower commitment on domestic abatement measures can be compensated by devoting roughly 50% of the Copenhagen financial provisions in 2020 to mitigation in Non-Annex I countries. The policy implications of our results will be discussed.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Carlo Carraro & Emanuele Massetti, 2012. "Beyond Copenhagen: a realistic climate policy in a fragmented world," Climatic Change, Springer, vol. 110(3), pages 523-542, February.
  • Handle: RePEc:spr:climat:v:110:y:2012:i:3:p:523-542
    DOI: 10.1007/s10584-011-0125-6
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10584-011-0125-6
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Massimo Tavoni & Shoibal Chakravarty & Robert Socolow, 2012. "Safe vs. Fair: A Formidable Trade-off in Tackling Climate Change," Sustainability, MDPI, Open Access Journal, vol. 4(2), pages 1-17, February.
    2. Francesco Bosello & Carlo Carraro & Enrica De Cian, 2010. "Climate Policy And The Optimal Balance Between Mitigation, Adaptation And Unavoided Damage," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 71-92.
    3. Valentina Bosetti, Carlo Carraro, Marzio Galeotti, Emanuele Massetti, Massimo Tavoni, 2006. "A World induced Technical Change Hybrid Model," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 13-38.
    4. Valentina Bosetti & Emanuele Massetti & Massimo Tavoni, 2007. "The WITCH Model. Structure, Baseline, Solutions," Working Papers 2007.10, Fondazione Eni Enrico Mattei.
    5. Rob Dellink & Gregory Briner & Christa Clapp, 2010. "Costs, Revenues, and Effectiveness of the Copenhagen Accord Emission Pledges for 2020," OECD Environment Working Papers 22, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carraro, Carlo & Massetti, Emanuele, 2012. "Energy and climate change in China," Environment and Development Economics, Cambridge University Press, vol. 17(06), pages 689-713, December.
    2. Trainer, Ted, 2017. "A critical analysis of the 2014 IPCC report on capital cost of mitigation and of renewable energy," Energy Policy, Elsevier, vol. 104(C), pages 214-220.
    3. Michael Jakob & Jérôme Hilaire, 2015. "Using importers’ windfall savings from oil subsidy reform to enhance international cooperation on climate policies," Climatic Change, Springer, vol. 131(4), pages 465-472, August.
    4. P. Shukla & Subash Dhar, 2011. "Climate agreements and India: aligning options and opportunities on a new track," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 11(3), pages 229-243, September.
    5. Ekholm, Tommi & Ghoddusi, Hamed & Krey, Volker & Riahi, Keywan, 2013. "The effect of financial constraints on energy-climate scenarios," Energy Policy, Elsevier, vol. 59(C), pages 562-572.

    More about this item

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:climat:v:110:y:2012:i:3:p:523-542. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.