Regional Carbon Budgets: Do They Matter for Climate Policy?

Massimo Tavoni () and Detlef van Vuuren
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Detlef van Vuuren: PBL and Utrecht University

No 2015.71, Working Papers from Fondazione Eni Enrico Mattei

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.

Keywords: Carbon Budgets; Climate Policy; IPCC (search for similar items in EconPapers)
JEL-codes: Q40 Q54 (search for similar items in EconPapers)
Date: 2015-07
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Regional Carbon Budgets: Do They Matter for Climate Policy? (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2015.71

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