eprintid: 13854 rev_number: 13 eprint_status: archive userid: 353 dir: disk0/00/01/38/54 datestamp: 2016-09-30 11:46:30 lastmod: 2021-08-27 17:27:49 status_changed: 2016-09-30 11:46:30 type: article metadata_visibility: show creators_name: Fujimori, S. creators_name: Kubota, I. creators_name: Dai, H. creators_name: Takahashi, K. creators_name: Hasegawa, T. creators_name: Liu, J.-Y. creators_name: Hijioka, Y. creators_name: Masui, T. creators_name: Takimi, M. creators_id: 8258 creators_id: 8463 creators_orcid: 0000-0001-7897-1796 title: Will international emissions trading help achieve the objectives of the Paris Agreement? ispublished: pub divisions: prog_ene divisions: prog_esm abstract: Under the Paris Agreement, parties set and implement their own emissions targets as nationally determined contributions (NDCs) to tackle climate change. International carbon emissions trading is expected to reduce global mitigation costs. Here, we show the benefit of emissions trading under both NDCs and a more ambitious reduction scenario consistent with the 2 °C goal. The results show that the global welfare loss, which was measured based on estimated household consumption change in 2030, decreased by 75% (from 0.47% to 0.16%), as a consequence of achieving NDCs through emissions trading. Furthermore, achieving the 2 °C targets without emissions trading led to a global welfare loss of 1.4%–3.4%, depending on the burden-sharing scheme used, whereas emissions trading reduced the loss to around 1.5% (from 1.4% to 1.7%). These results indicate that emissions trading is a valuable option for the international system, enabling NDCs and more ambitious targets to be achieved in a cost-effective manner. date: 2016-09-29 date_type: published publisher: Institute of Physics Publishing (IOP) id_number: doi:10.1088/1748-9326/11/10/104001 creators_browse_id: 2881 creators_browse_id: 1314 full_text_status: public publication: Environmental Research Letters volume: 11 number: 10 pagerange: e104001 refereed: TRUE issn: 1748-9326 coversheets_dirty: FALSE fp7_project: no fp7_type: info:eu-repo/semantics/article citation: Fujimori, S. ORCID: https://orcid.org/0000-0001-7897-1796 , Kubota, I., Dai, H., Takahashi, K., Hasegawa, T. , Liu, J.-Y., Hijioka, Y., Masui, T., et al. (2016). Will international emissions trading help achieve the objectives of the Paris Agreement? Environmental Research Letters 11 (10) e104001. 10.1088/1748-9326/11/10/104001 . document_url: https://pure.iiasa.ac.at/id/eprint/13854/1/Will%20international%20emissions%20trading%20help%20achieve%20the%20objectives%20of%20the%20Paris%20Agreement.pdf