Towards More Pragmatic Global Climate Goals and Policies

Samantha Gross and Yuhji Matsuo
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Yuhji Matsuo: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: This paper presents an analysis of the climate and economic impacts of four different carbon emission scenarios. The scenarios include: a ‘business as usual’ reference scenario; a carbon emission mitigation scenario designed to meet the Paris Agreement goal of limiting average global temperature increases to no more than 2o Celsius (C) by 2100; and two scenarios that seek to optimize global welfare taking into account the total costs associated with carbon mitigation, adaptation and damage, one with more rapidly declining low-carbon or zero-carbon technology costs after 2050.

Keywords: Carbon Emission Mitigation; Carbon Pricing; Carbon Tax; Climate Change; Climate Goals; Decarbonization; Dynamic Integrated Climate Economy (DICE) model; Economic Modeling; Greenhouse Gas Emissions (GHG); Low Carbon Technology; Policy Development; Zero Carbon Technology (search for similar items in EconPapers)
Pages: 30
Date: 2017-10-22
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