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Regional Carbon Budgets: Do They Matter for Climate Policy?

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  • Tavoni, Massimo
  • van Vuuren, Detlef

Abstract

Carbon budgets have emerged as a robust metric of warming, but little is known about the usefulness of regional carbon budgets as indicators of policy. This article explores the potential of regional carbon budgets to inform climate policy. Using the large database of scenarios from IPCC AR5 WGIII, we show that regional budgets are important metrics of the long term contribution to climate change and the effort required to mitigate it. However, their value appears to be more limited for informing short term courses of actions, and for predicting the economic consequences of emission reduction policies.

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  • Tavoni, Massimo & van Vuuren, Detlef, "undated". "Regional Carbon Budgets: Do They Matter for Climate Policy?," Climate Change and Sustainable Development 207015, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemcl:207015
    DOI: 10.22004/ag.econ.207015
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    Cited by:

    1. Heleen L. van Soest & Lara Aleluia Reis & Laurent Drouet & Detlef P. van Vuuren & Michel G. J. den Elzen & Massimo Tavoni & Keigo Akimoto & Katherine V. Calvin & Panagiotis Fragkos & Alban Kitous & Gu, 2017. "Low-emission pathways in 11 major economies: comparison of cost-optimal pathways and Paris climate proposals," Climatic Change, Springer, vol. 142(3), pages 491-504, June.
    2. Fragkos, Panagiotis & Laura van Soest, Heleen & Schaeffer, Roberto & Reedman, Luke & Köberle, Alexandre C. & Macaluso, Nick & Evangelopoulou, Stavroula & De Vita, Alessia & Sha, Fu & Qimin, Chai & Kej, 2021. "Energy system transitions and low-carbon pathways in Australia, Brazil, Canada, China, EU-28, India, Indonesia, Japan, Republic of Korea, Russia and the United States," Energy, Elsevier, vol. 216(C).

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    Keywords

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    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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