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Existing infrastructure and the 2°C target

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  • Céline Guivarch
  • Stéphane Hallegatte

Abstract

To clarify the link between existing infrastructure legacy and the 2°C target, we extend the work of Davis et al. (2010) by introducing non-CO2 greenhouse gases and the inertia in transportation-needs drivers. We conclude that climate policies able to maintain climate change below 2°C cannot disregard existing infrastructure.
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  • Céline Guivarch & Stéphane Hallegatte, 2011. "Existing infrastructure and the 2°C target," Climatic Change, Springer, vol. 109(3), pages 801-805, December.
    • Handle: RePEc:spr:climat:v:109:y:2011:i:3:p:801-805
    DOI: 10.1007/s10584-011-0268-5
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    References listed on IDEAS

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    1. Francois Gusdorf & Stéphane Hallegatte & Alain Lahellec, 2007. "Time and space matter: how urban transitions create inequality," CIRED Working Papers hal-00522404, HAL.
    2. Philippe Ambrosi & Jean-Charles Hourcade & Stéphane Hallegatte & Franck Lecocq & Patrice Dumas & Minh Ha Duong, 2009. "Optimal Control Models and Elicitation of Attitudes towards Climate Damages," International Series in Operations Research & Management Science, in: Jerzy A. Filar & Alain Haurie (ed.), Uncertainty and Environmental Decision Making, chapter 0, pages 177-209, Springer.
    3. Jaccard, Mark & Rivers, Nic, 2007. "Heterogeneous capital stocks and the optimal timing for CO2 abatement," Resource and Energy Economics, Elsevier, vol. 29(1), pages 1-16, January.
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    Cited by:

    1. Ghersi, Frédéric & McDonnell, Simon & Sassi, Olivier, 2013. "Do overarching mitigation objectives dominate transport-specific targets in the EU?," Energy Policy, Elsevier, vol. 55(C), pages 3-15.
    2. Sorrell, Steve, 2015. "Reducing energy demand: A review of issues, challenges and approaches," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 74-82.
    3. Frederick van der Ploeg & Armon Rezai, 2020. "Stranded Assets in the Transition to a Carbon-Free Economy," Annual Review of Resource Economics, Annual Reviews, vol. 12(1), pages 281-298, October.
    4. T. Gasser & C. Guivarch & K. Tachiiri & C. D. Jones & P. Ciais, 2015. "Negative emissions physically needed to keep global warming below 2 °C," Nature Communications, Nature, vol. 6(1), pages 1-7, November.
    5. Jan Siegmeier & Linus Mattauch & Max Franks & David Klenert & Anselm Schultes & Ottmar Edenhofer, 2015. "A Public Finance Perspective on Climate Policy: Six Interactions That May Enhance Welfare," Working Papers 2015.31, Fondazione Eni Enrico Mattei.
    6. Vogt-Schilb, Adrien & Hallegatte, Stephane, 2011. "When starting with the most expensive option makes sense : use and misuse of marginal abatement cost curves," Policy Research Working Paper Series 5803, The World Bank.
    7. Alfredsson, Eva C. & Malmaeus, J. Mikael, 2019. "Real capital investments and sustainability - The case of Sweden," Ecological Economics, Elsevier, vol. 161(C), pages 216-224.
    8. Hallegatte, Stephane & Heal, Geoffrey & Fay, Marianne & Treguer, David, 2011. "From growth to green growth -- a framework," Policy Research Working Paper Series 5872, The World Bank.
    9. Vogt-Schilb, Adrien & Meunier, Guy & Hallegatte, Stephane, 2012. "How inertia and limited potentials affect the timing of sectoral abatements in optimal climate policy," Policy Research Working Paper Series 6154, The World Bank.
    10. Rozenberg, Julie & Vogt-Schilb, Adrien & Hallegatte, Stephane, 2014. "Transition to clean capital, irreversible investment and stranded assets," Policy Research Working Paper Series 6859, The World Bank.
    11. Rozenberg, Julie & Vogt-Schilb, Adrien & Hallegatte, Stephane, 2020. "Instrument choice and stranded assets in the transition to clean capital," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
    12. repec:hal:ciredw:hal-00916328 is not listed on IDEAS
    13. Stephane Hallegatte & Mook Bangalore & Laura Bonzanigo & Marianne Fay & Tamaro Kane & Ulf Narloch & Julie Rozenberg & David Treguer & Adrien Vogt-Schilb, 2016. "Shock Waves," World Bank Publications - Books, The World Bank Group, number 22787.
    14. repec:hal:wpaper:hal-00916328 is not listed on IDEAS
    15. van der Ploeg, Frederick & Rezai, Armon, 2020. "The risk of policy tipping and stranded carbon assets," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
    16. Rozenberg, Julie & Vogt-Schilb, Adrien & Hallegatte, Stephane, 2013. "How capital-based instruments facilitate the transition toward a low-carbon economy : a tradeoff between optimality and acceptability," Policy Research Working Paper Series 6609, The World Bank.
    17. Vogt-Schilb, Adrien & Hallegatte, Stéphane, 2014. "Marginal abatement cost curves and the optimal timing of mitigation measures," Energy Policy, Elsevier, vol. 66(C), pages 645-653.
    18. Avner, Paolo & Rentschler, Jun & Hallegatte, Stephane, 2014. "Carbon price efficiency : lock-in and path dependence in urban forms and transport infrastructure," Policy Research Working Paper Series 6941, The World Bank.
    19. Siegmeier, Jan, 2015. "Keeping Pigou on tracks: second-best carbon pricing and infrastructure provision," MPRA Paper 69046, University Library of Munich, Germany, revised 25 Jan 2016.

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