The cost of mitigation revisited

Köberle, A.C., Vandyck, T., Guivarch, C., Macaluso, N., Bosetti, V., Gambhir, A., Tavoni, M., & Rogelj, J. ORCID: https://orcid.org/0000-0003-2056-9061 (2021). The cost of mitigation revisited. Nature Climate Change 10.1038/s41558-021-01203-6. (In Press)

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Official URL: https://rdcu.be/cByCM
Project: Delivering on the Paris Agreement: A demand-driven, integrated assessment modelling approach (PARIS REINFORCE, H2020 820846), Exploring National and Global Actions to reduce Greenhouse gas Emissions (ENGAGE, H2020 821471), Next generation of AdVanced InteGrated Assessment modelling to support climaTE policy making (NAVIGATE, H2020 821124)

Abstract

Estimates of economic implications of climate policy are important inputs into policy-making. Despite care to contextualize quantitative assessments of mitigation costs, one strong view outside academic climate economics is that achieving Paris Agreement goals implies sizable macroeconomic losses. Here, we argue that this notion results from unwarranted simplification or omission of the complexities of quantifying mitigation costs, which generates ambiguity in communication and interpretation. We synthesize key factors influencing mitigation cost estimates to guide interpretation of estimates, for example from the Intergovernmental Panel on Climate Change, and suggest ways to improve the underlying models. We propose alternatives for the scenario design framework, the framing of mitigation costs and the methods used to derive them, to better inform public debate and policy.

Item Type: Article
Research Programs: Energy, Climate, and Environment (ECE)
Energy, Climate, and Environment (ECE) > Integrated Assessment and Climate Change (IACC)
Energy, Climate, and Environment (ECE) > Transformative Institutional and Social Solutions (TISS)
Depositing User: Luke Kirwan
Date Deposited: 18 Nov 2021 08:27
Last Modified: 23 Nov 2021 15:02
URI: http://pure.iiasa.ac.at/17648

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