User Settings
Open AccessArticle10.22004/ag.econ.207015

Regional Carbon Budgets: Do They Matter for Climate Policy?

Massimo Tavoni,Detlef P. van Vuuren,Tavoni, Massimo,Van Vuuren, Detlef-2015-01-01-AgEcon Search (University of Minnesota, USA)
0PDF

TL;DRAbstract

Carbon budgets have emerged as a robust metric of warming, but little is known about the usefulness of regional carbon budgets as indicators of policy. This article explores the potential of regional carbon budgets to inform climate policy. Using the large database of scenarios from IPCC AR5 WGIII, we show that regional budgets are important metrics of the long term contribution to climate change and the effort required to mitigate it. However, their value appears to be more limited for informing short term courses of actions, and for predicting the economic consequences of emission reduction policies.

Chat with Paper

AI Agents for this Paper

Carbon budgets have emerged as a robust metric of warming, but little is known about the usefulness of regional carbon budgets as indicators of policy. This article explores the potential of regional carbon budgets to inform climate policy. Using the large database of scenarios from IPCC AR5 WGIII, we show that regional budgets are important metrics of the long term contribution to climate change and the effort required to mitigate it. However, their value appears to be more limited for informing short term courses of actions, and for predicting the economic consequences of emission reduction policies.

Keywords

Climate changeClimate policyMetric (unit)Greenhouse gasTerm (time)Natural resource economicsEnvironmental scienceCarbon tax

Chat

Click to start Chat