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Emissions Pricing to Stabilize Global Climate AgEcon
Bosetti, Valentina; Paltsev, Sergey; Reilly, John M.; Carraro, Carlo.
In the absence of significant greenhouse gas (GHG) mitigation, many analysts project that atmospheric concentrations of species identified for control in the Kyoto protocol could exceed 1000 ppm (carbon-dioxide-equivalent) by 2100 from the current levels of about 435 ppm. This could lead to global average temperature increases of between 2.5 and 6°C by the end of the century. There are risks of even greater warming given that underlying uncertainties in emissions projections and climate response are substantial. Stabilization of GHG concentrations that would have a reasonable chance of meeting temperature targets identified in international negotiations would require significant reductions in GHG emissions below “business-as-usual” levels, and indeed from...
Tipo: Working Paper Palavras-chave: Emissions Pricing; Climate Stabilization; Environmental Economics and Policy; Q54; Q58.
Ano: 2011 URL: http://purl.umn.edu/119102
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