Carbon lock-in through capital stock inertia associated with weak near-term climate policies

Bertram C, Johnson N, Luderer G, Riahi K, Isaac M, & Eom J (2015). Carbon lock-in through capital stock inertia associated with weak near-term climate policies. Technological Forecasting and Social Change 90 (Part A): 62-72. DOI:10.1016/j.techfore.2013.10.001.

Full text not available from this repository.

Abstract

Stringent long-term climate targets necessitate a limit on cumulative emissions in this century for which sufficient policy signals are lacking. Using nine energy-economy models, we explore how policies pursued during the next two decades impact long-term transformation pathways towards stringent long-term climate targets. Less stringent near-term policies (i.e., those with larger emissions) consume more of the long-term cumulative emissions budget in the 2010-2030 period, which increases the likelihood of overshooting the budget and the urgency of reducing GHG emissions after 2030. Furthermore, the larger near-term GHG emissions associated with less stringent policies are generated primarily by additional coal-based electricity generation. Therefore, to be successful in meeting the long-term target despite near-term emissions reductions that are weaker than those implied by cost-optimal mitigation pathways, models must prematurely retire significant coal capacity while rapidly ramping up low-carbon technologies between 2030 and 2050 and remove large quantities of CO2 from the atmosphere in the latter half of the century. While increased energy efficiency lowers mitigation costs considerably, even with weak near-term policies, it does not substantially reduce the short-term reliance on coal electricity. However, increased energy efficiency does allow the energy system more flexibility in mitigating emissions and, thus, facilitates the post-2030 transition.

Item Type: Article
Uncontrolled Keywords: Climate change mitigation; Energy systems modeling; Energy efficiency; Carbon dioxide emissions; AMPERE; Integrated assessment
Research Programs: Energy (ENE)
Transitions to New Technologies (TNT)
Bibliographic Reference: Technological Forecasting and Social Change; 90(Part.A):62-72 (January 2015) (Published online 1 November 2013)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:53
Last Modified: 25 Feb 2016 09:09
URI: http://pure.iiasa.ac.at/11542

Actions (login required)

View Item View Item

International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313