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Scanning for Global Greenhouse Gas Emission Reduction Targets and their Distributions

Author

Listed:
  • Stefan Schleicher

    (WIFO)

  • Angela Köppl

    (Austrian Institute of Economic Research)

Abstract

If dangerous and irreversible climatic events are to be avoided, global average temperature should not increase by more than 2°C above pre-industrial levels. In order to achieve such a global target, a mitigation pathway has to limit global emissions to about 50 percent below 1990 levels by 2050. This paper investigates the radical change of the energy system that would be needed for entering the pathway for halving emission levels by applying a global analytical tool. A comprehensive database with a global coverage including socioeconomic data as well as data on energy and emissions has been set up. By dividing the world into six countries and regions which account for two thirds of global emissions and a region for the rest of the world we investigate in an analytical framework the key drivers and parameters of the energy system which refer to population dynamics, economic activity, energy and carbon intensity. Based on assumptions about the diffusion and convergence of these key parameters we derive implications for long-term emission reduction targets.

Suggested Citation

  • Stefan Schleicher & Angela Köppl, 2012. "Scanning for Global Greenhouse Gas Emission Reduction Targets and their Distributions," WIFO Studies, WIFO, number 44533, February.
  • Handle: RePEc:wfo:wstudy:44533
    as

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    File URL: https://www.wifo.ac.at/wwa/pubid/44533
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    References listed on IDEAS

    as
    1. de Coninck, Heleen & Fischer, Carolyn & Newell, Richard G. & Ueno, Takahiro, 2008. "International technology-oriented agreements to address climate change," Energy Policy, Elsevier, vol. 36(1), pages 335-356, January.
    2. Valentina Bosetti & Jeffrey A. Frankel, 2009. "Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460 ppm CO2 Concentrations," NBER Working Papers 15516, National Bureau of Economic Research, Inc.
    3. Valentina Bosetti & Carlo Carraro & Alessandra Sgobbi & Massimo Tavoni, 2008. "Modelling Economic Impacts of Alternative International Climate Policy Architectures. A Quantitative and Comparative Assessment of Architectures for Agreement," CESifo Working Paper Series 2417, CESifo Group Munich.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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