The Clean Energy R&D Strategy for 2°C

Giacomo Marangoni and Massimo Tavoni ()

No 162376, Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM)

Abstract: This paper uses an integrated assessment model to quantify the climate R&D investment strategy for a variety of scenarios fully consistent with 2°C. We estimate the total climate R&D investment needs in approximately 1 USD Trillion cumulatively in the period 2010-2030, and 1.6 USD Trillions in the period 2030-2050. Most of the R&D would be carried out in industrialized countries initially, but would be evenly split after 2030. We also assess a ‘climate R&D deal’ in which countries cooperate on innovation in the short term, and find that an R&D agreement slightly underperforms a climate policy based on the extension of the Copenhagen pledges till 2030. Both policies are inferior to full cooperation on mitigation starting in 2020. A global agreement on clean energy innovation beyond 2030 without sufficiently stringent GHG emissions reduction policies is found to be incompatible with 2°C.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 25
Date: 2013-11
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https://ageconsearch.umn.edu/record/162376/files/NDL2013-093.pdf (application/pdf)

Related works:
Working Paper: The Clean Energy R&D Strategy for 2°C (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemcl:162376

DOI: 10.22004/ag.econ.162376

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