12738 15 50885 5 194555 document 50885 The cumulative carbon budget and its implications.pdf application/pdf 4c432be2d70737e42611eab3279b5998 MD5 1138708 2016-08-23 11:40:43 https://pure.iiasa.ac.at/id/eprint/12738/1/The%20cumulative%20carbon%20budget%20and%20its%20implications.pdf 12738 1 1 application/pdf text en public cc_by

The cumulative carbon budget and its implications.pdf

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/50885 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/50885 http://eprints.org/relation/ismediumThumbnailVersionOf https://pure.iiasa.ac.at/id/document/50885 103994 2 316967 document 103994 small.jpg image/png 765b21a02299737222b812a047144f82 MD5 2095 2023-12-17 10:23:42 https://pure.iiasa.ac.at/id/eprint/12738/6/small.jpg 12738 6 6 image/png other Thumbnails conversion from text to thumbnail_small en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/50885 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/50885 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/50885 archive 353 disk0/00/01/27/38 2016-04-18 08:19:10 2021-08-27 17:26:39 2016-04-18 08:19:10 article show Millar R. Allen M. Rogelj J. 8630 0000-0003-2056-9061 Friedlingstein P. pub prog_ene climate change, climate policy, fossil fuels, uncertainty, integrated assessment, carbon budgets The cumulative impact of carbon dioxide (CO2) emissions on climate has potentially profound economic and policy implications. It implies that the long-term climate change mitigation challenge should be reframed as a stock problem, while the overwhelming majority of climate policies continue to focus on the flow of CO2 into the atmosphere in 2030 or 2050. An obstacle, however, to the use of a cumulative carbon budget in policy is uncertainty in the size of this budget consistent with any specific temperature-based goal such as limiting warming to 2°C. This arises from uncertainty in the climate response to CO2 emissions, which is relatively tractable, and uncertainty in future warming due to non-CO2 drivers, which is less so. We argue these uncertainties are best addressed through policies that recognize the need to reduce net global CO2 emissions to zero to stabilize global temperatures but adapt automatically to evolving climate change. Adaptive policies would fit well within the Paris Agreement under the UN Framework Convention on Climate Change. 2016-04 published 10.1093/oxrep/grw009 254 public Oxford Review of Economic Policy 32 2 323-342 TRUE 0266-903X FALSE no info:eu-repo/semantics/article