The distribution of the major economies' effort in the Durban Platform scenarios. Special Issue on Implementing Climate Policies in the Major Economies: An Assessment of Durban Platform Architectures — Results from the LIMITS Project

Tavoni, M., Kriegler, E., Aboumahboub, T., Calvin, K., De Maere, G., Wise, M., Klein, D., Jewell, J. ORCID: https://orcid.org/0000-0003-2846-9081, et al. (2013). The distribution of the major economies' effort in the Durban Platform scenarios. Special Issue on Implementing Climate Policies in the Major Economies: An Assessment of Durban Platform Architectures — Results from the LIMITS Project. Climate Change Economics 4 (4) p. 1340009. 10.1142/S2010007813400095.

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Abstract

The feasibility of achieving climate stabilization consistent with the objective of 2 degrees C is heavily influenced by how the effort in terms of mitigation and economic resources will be distributed among the major economies. This paper provides a multi-model quantification of the mitigation commitment in 10 major regions of the world for a diversity of allocation schemes. Our results indicate that a policy with uniform carbon pricing and no transfer payments would yield an uneven distribution of policy costs, which would be lower than the global average for OECD countries, higher for developing economies and the highest, for energy exporters. We show that a resource sharing scheme based on long-term convergence of per capita emissions would not resolve the issue of cost distribution. An effort sharing scheme which equalizes regional policy costs would yield an allocation of allowances comparable with the ones proposed by the Major Economies. Under such a scheme, emissions would peak between 2030 and 2045 for China and remain rather flat for India. In all cases, a very large international carbon market would be required.

Item Type:	Article
Uncontrolled Keywords:	Climate change economics; Equity; Burden sharing; Regional mitigation costs; Integrated assessment models; Bioenergy; Integrated assessment; Climate change
Research Programs:	Energy (ENE) Transitions to New Technologies (TNT)
Bibliographic Reference:	Climate Change Economics; 4(4):1340009 (November 2013) (Published online 4 June 2014)
Depositing User:	IIASA Import
Date Deposited:	15 Jan 2016 08:48
Last Modified:	27 Aug 2021 17:23
URI:	https://pure.iiasa.ac.at/10280

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