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The current nationally determined contributions, pledged by the countries under the Paris Agreement, are far from limiting climate change to below 2 ∘C temperature increase by the end of the century. The necessary ratcheting up of climate policy is projected to come with a wide array of additional benefits, in particular a reduction of today's 4.5 million annual premature deaths due to poor air quality. This paper therefore addresses the question how climate policy and air pollution–related health impacts interplay until 2050 by developing a comprehensive global modeling framework along the cause and effect chain of air pollution–induced social costs. We find that ratcheting up climate policy to a 2 ∘ compliant pathway results in welfare benefits through reduced air pollution that are larger than mitigation costs, even with avoided climate change damages neglected. The regional analysis demonstrates that the 2 ∘C pathway is therefore, from a social cost perspective, a "no-regret option" in the global aggregate, but in particular for China and India due to high air quality benefits, and also for developed regions due to net negative mitigation costs. Energy and resource exporting regions, on the other hand, face higher mitigation cost than benefits. Our analysis further shows that the result of higher health benefits than mitigation costs is robust across various air pollution control scenarios. However, although climate mitigation results in substantial air pollution emission reductions overall, we find significant remaining emissions in the transport and industry sectors even in a 2 ∘C world. We therefore call for further research in how to optimally exploit climate policy and air pollution control, deriving climate change mitigation pathways that maximize co-benefits. [ABSTRACT FROM AUTHOR]

Abstract During the negotiations on the Kyoto Protocol, Brazil proposed allocating the greenhouse gas emission reductions of Annex I Parties according to the relative effect of a country’s historical emissions on global temperature increase. This paper analyses the impact of scientific uncertainties and of different options in policy implementation (policy choices) on the contribution of countries’ historical emissions to indicators of historical responsibility for climate change. The influence of policy choices was found to be at least as large as the impact of the scientific uncertainties analysed here. Building on this, the paper then proceeds to explore the implications of applying the Brazilian Proposal as a climate regime for differentiation of future commitments on the global scale combined with an income threshold for participation of the non-Annex I regions. Under stringent climate targets, such a regime leads to high emission reductions for Annex I regions by 2050, in particular for Europe and Japan. The income threshold assumptions strongly affect the Annex I reductions, even more than the impact of another burden-sharing key. A variant of the Brazilian Proposal, allocating emission reductions on the basis of cumulative emissions since 1990, would lead to a more balanced distribution of emission reductions. [ABSTRACT FROM AUTHOR]

This paper compares projections over the twenty-first century of SO, BC, and OC emissions from three technologically detailed, long-term integrated assessment models. The character of the projections and the response of emissions due to a comprehensive climate policy are discussed focusing on the sectoral level. In a continuation of historical experience, aerosol and precursor emissions are increasingly decoupled from carbon dioxide emissions over the twenty-first century due to a combination of emission controls and technology shifts over time. Implementation of a comprehensive climate policy further reduces emissions, although there is significant variation in this response by sector and by model: the response has many similarities between models for the energy transformation and transportation sectors, with more diversity in the response for the building and industrial sectors. Much of these differences can be traced to specific characteristics of reference case end-use and supply-side technology deployment and emissions control assumptions, which are detailed by sector. [ABSTRACT FROM AUTHOR]

The greenhouse gas emissions scenarios published by the IPCC in the Special Report on Emission Scenarios (SRES) continue to serve as a primary basis for assessing future climate change and possible response strategies. These scenarios were developed between 1996 and 1999 and sufficient time has now passed to make it worth examining their consistency with more recent data and projections. The comparison performed in this paper includes population, GDP, energy use, and emissions of CO2, non-CO2 gases and sulfur. We find the SRES scenarios to be largely consistent with historical data for the 1990-2000 period and with recent projections. Exceptions to this general observation include (1) in the long-term, relatively high population growth assumptions in some regions, particularly in the A2 scenario; (2) in the medium-term, relatively high economic growth assumptions in the LAM (Latin America, Africa and Middle East) region in the A1 scenario; (3) in the short-term, CO2 emissions projections in Al that are somewhat higher than the range of current scenarios; and (4) substantially higher sulfur emissions in some scenarios than in historical data and recent projections. In conclusion, given the relatively small inconsistencies for use as global scenarios there seems to be no immediate need for a large-scale IPCC-led update of the SRES scenarios that is solely based on the SRES scenario performance vis-a-vis data for the 1990-2000 period and/or more recent projections. Based on reported findings, individual research teams could make, and in some cases already have made, useful updates of the scenarios. [ABSTRACT FROM AUTHOR]

In integrated assessments of climate change, greenhouse-gas emissions and climate change impacts provide the linkages between the world economy and the climate system. Key climatic processes operate at the scales of centuries. This requires highly aggregated models for portraying the dynamics of the economic system. An extended Ramsey-type optimal growth model is presented as the appropriate tool to be integrated with a reduced-form climate model in the ICLIPS integrated assessment. The eleven-region model of the world economy involves exogenous population and endogenous investment dynamics with productivity progress based on a technological diffusion model. World regions are linked via intertemporal trade flows of the composite consumption/investment good, capital mobility, and emission permit trading. Coupled with the ICLIPS Climate Model, the Aggregated Economic Model can determine corridors of permitted long-term carbon emission paths or, as primarily discussed in this paper, specific cost-effective emission trajectories. The sensitivity of mitigation costs to externally specified climate change/impact constraints and to assumptions about non-CO2 greenhouse-gas emissions is also discussed. [ABSTRACT FROM AUTHOR]

We have compiled historical greenhouse gas emissions and their uncertainties on country and sector level and assessed their contribution to cumulative emissions and to global average temperature increase in the past and for a the future emission scenario. We find that uncertainty in historical contribution estimates differs between countries due to different shares of greenhouse gases and time development of emissions. Although historical emissions in the distant past are very uncertain, their influence on countries' or sectors' contributions to temperature increase is relatively small in most cases, because these results are dominated by recent (high) emissions. For relative contributions to cumulative emissions and temperature rise, the uncertainty introduced by unknown historical emissions is larger than the uncertainty introduced by the use of different climate models. The choice of different parameters in the calculation of relative contributions is most relevant for countries that are different from the world average in greenhouse gas mix and timing of emissions. The choice of the indicator (cumulative GWP weighted emissions or temperature increase) is very important for a few countries (altering contributions up to a factor of 2) and could be considered small for most countries (in the order of 10%). The choice of the year, from which to start accounting for emissions (e.g. 1750 or 1990), is important for many countries, up to a factor of 2.2 and on average of around 1.3. Including or excluding land-use change and forestry or non-CO gases changes relative contributions dramatically for a third of the countries (by a factor of 5 to a factor of 90). Industrialised countries started to increase CO emissions from energy use much earlier. Developing countries' emissions from land-use change and forestry as well as of CH and NO were substantial before their emissions from energy use. [ABSTRACT FROM AUTHOR]

The tolerable windows approach (TWA) allows the climate policy formulation process to be safeguarded in the following way. First, guardrails are defined in order to exclude intolerable climate change impacts, on the one hand, and unacceptable socioeconomic consequences of climate change mitigation measures, on the other. Second, a scientific analysis is conducted to investigate the features of those emission paths that are compatible with the guardrail constraints. The fundamental methodology of the TWA is best described in terms of the theory of differential inclusions. This emerging mathematical theory already provides numerical methods applicable as long as the underlying integrated assessment models are of limited complexity. In order to identify emissions corridors, we propose a novel calculation scheme applicable also for large-scale integrated assessment models. [ABSTRACT FROM AUTHOR]

The overlap in sources of greenhouse gas and local air pollutant emissions creates scope for policy measures to limit global warming and improve air quality simultaneously. In a first step, we derive estimates for the air pollution mortality-related component of the social cost of atmospheric release for 6 pollutants and 56 regions in the world. Combining these estimates with emission inventory data highlights that sector contributions to greenhouse gas emissions and air pollution health impacts differ widely across regions. Next, simulations of future emission pathways consistent with the 2 °C and 1.5 °C targets illustrate that strengthening climate policy ambition raises the total value of air quality co-benefits despite lower marginal co-benefits per tonne of greenhouse gas emissions abated. Finally, we use results from a multi-model ensemble to quantify and compare the value of health-related ambient air quality co-benefits of climate policy across sectors and regions. On the global level, overall air quality co-benefits range from $8 to $40 per tonne of greenhouse gases abated in 2030, with median across models and scenarios of $18/tCO2e. These results mask strong differentiation across regions and sectors, with median co-benefits from mitigation in the residential and service sectors in India exceeding $500/tCO2e. By taking a sector- and region-specific perspective, the results presented here reveal promising channels to improve human health outcomes and to ratchet up greenhouse gas reduction efforts to bridge the gap between countries' pledges and the global targets of the Paris Agreement. [ABSTRACT FROM AUTHOR]

Institutional investors have two important roles to play in encouraging companies to address the risks and take advantage of the opportunities presented by climate change. The first is through using their influence as shareholders to encourage companies to adopt more proactive approaches to managing the risks and opportunities presented by climate change. The second is through explicitly factoring climate change risks and opportunities into ‘mainstream’ investment analysis processes. While there is growing investor activity on the former, the integration of climate change into investment analysis remains confined to sectors where there are strong government incentives (e.g. for renewable energy) or where greenhouse gas emissions have a market price. This article reviews the evolution of UK institutional investor interest in climate change from 1990 to 2005, focusing in particular on the relative contributions of ‘soft’ policy measures such as information-disclosure and awareness raising, and ‘hard’ policy measures such as regulation and market-based instruments. The article concludes that, over this period, soft policy measures played an important role in encouraging investors to discuss climate change issues with companies, but had minimal influence on investment decisions. It was only with the introduction of hard policy measures that climate change started to be systematically factored into investment analysis. The article canvasses the implications of these findings for government efforts in the UK and elsewhere to encourage investors to play a more proactive role in the climate change debate. It also considers the role that institutional investors themselves can play in strengthening public policy measures to reduce greenhouse gas emissions. [ABSTRACT FROM AUTHOR]

Countries can use both mitigation and adaptation strategies to protect their citizens from catastrophic risk posed by climate change (e.g., shift in the jet stream). A nation can mitigate by reducing CO2 emissions, which reduces the probability of a catastrophic event; it can adapt by altering the infrastructure so that damages can be reduced in the event a catastrophe is realized. Herein we add to the current literature by extending the endogenous risk framework into a dynamic framework permitting analysis of both mitigation and adaptation while allowing for the dynamic process of global climate change. Our results suggest adaptation to catastrophe is a small fraction of the national climate protection budget relative to mitigation when nations cooperate fully, when damages are both continuous and catastrophic, and when nations have a short planning horizon. Adaptation becomes more important relative to mitigation when nations are unlikely to cooperate, when damages are mainly catastrophic, or when the nation's planning horizon increases. [ABSTRACT FROM AUTHOR]

We estimate the domestic environmental and health benefits of exploiting China's energy-related CDM potential. Exploiting the CDM potential may save between 3,000 and 40,000 lives annually. Additional gains are estimated to reach upwards from 1 billion RMB annually. The key to these gains is the fact that actions and measures to reduce CO2 emissions also reduce emissions of TSP and SO2. In our estimate, exploiting the CDM-potential will cut SO2-emissions by between one-half and three million tons annually. To arrive at these conclusions we synthesize a significant body of recent research on co-benefits of climate abatement in China. [ABSTRACT FROM AUTHOR]

Today's climate policy is based on the assumption that the location of emissions reductions has no impact on the overall climate effect. However, this may not be the case since reductions of greenhouse gases generally will lead to changes in emissions of short-lived gases and aerosols. Abatement measures may be primarily targeted at reducing CO2, but may also simultaneously reduce emissions of NOx, CO, CH4 and SO2 and aerosols. Emissions of these species may cause significant additional radiative forcing. We have used a global 3-D chemical transport model and a radiative transfer model to study the impact on climate in terms of radiative forcing for a realistic change in location of the emissions from large-scale sources. Based on an assumed 10% reduction in CO2 emissions, reductions in the emissions of other species have been estimated. Climate impact for the SRES A1B scenario is compared to two reduction cases, with the main focus on a case with emission reductions between 2010 and 2030, but also a case with sustained emission reductions. The emission reductions are applied to four different regions (Europe, China, South Asia, and South America). In terms of integrated radiative forcing (over 100 yr), the total effect (including only the direct effect of aerosols) is always smaller than for CO2 alone. Large variations between the regions are found (53-86% of the CO2 effect). Inclusion of the indirect effects of sulphate aerosols reduces the net effect of measures towards zero. The global temperature responses, calculated with a simple energy balance model, show an initial additional warming of different magnitude between the regions followed by a more uniform reduction in the warming later. A major part of the regional differences can be attributed to differences related to aerosols, while ozone and changes in methane lifetime make relatively small contributions. Emission reductions in a different sector (e.g. transportation instead of large-scale sources) might change this conclusion since the NOx to SO2 ratio in the emissions is significantly higher for transportation than for large-scale sources. The total climate effect of abatement measures thus depends on (i) which gases and aerosols are affected by the measure, (ii) the lifetime of the measure implemented, (iii) time horizon over which the effects are considered, and (iv) the chemical, physical and meteorological conditions in the region. There are important policy implications of the results. Equal effects of a measure cannot be assumed if the measure is implemented in a different region and if several gases are affected. Thus, the design of emission reduction measures should be considered thoroughly before implementation. [ABSTRACT FROM AUTHOR]

The capture and storage of CO2 from combustion of fossil fuels is gaining attraction as a means to deal with climate change. CO2 emissions from hiomass conversion processes can also be captured. If that is done, biomass energy with CO2 capture and storage (BECS) would become a technology that removes CO2 from the atmosphere and at the same time deliver CO2-neutral energy carriers (heat, electricity or hydrogen) to society. Here we present estimates of the costs and conversion efficiency of electricity, hydrogen and heat generation from fossil fuels and biomass with CO2 capture and storage. We then insert these technology characteristics into a global energy and transportation model (GET 5.0), and calculate costs of stabilizing atmospheric CO2 concentration at 350 and 450 ppm. We find that carbon capture and storage technologies applied to fossil fuels have the potential to reduce the cost of meeting the 350 ppm stabilisation targets by 50% compared to a case where these technologies are not available and by 80% when BECS is allowed. For the 450 ppm scenario, the reduction in costs is 40 and 42%, respectively. Thus, the difference in costs between cases where BECS technologies are allowed and where they are not is marginal for the 450 ppm stabilization target. It is for very low stabilization targets that negative emissions become warranted, and this makes BECS more valuable than in cases with higher stabilization targets. Systematic and stochastic sensitivity analysis is performed. Finally, BECS opens up the possibility to remove CO2 from the atmosphere. But this option should not be seen as an argument in favour of doing nothing about the climate problem now and then switching on this technology if climate change turns out to be a significant problem. It is not likely that BECS can be initiated sufficiently rapidly at a sufficient scale to follow this path to avoiding abrupt and serious climate changes if that would happen. [ABSTRACT FROM AUTHOR]

We investigate the sensitivity of emissions corridors for the 21st century to various factors that are currently under debate in the climate change arena. Emissions corridors represent the range of admissible emissions futures that observe some predefined guardrails on the future development of the human-climate system. They are calculated on the conceptual and methodological basis of the tolerable windows approach. We assess the sensitivity of the corridors to the choice of time-resolved as well as intertemporally aggregated guardrails that exclude an intolerable amount of climate change on the one hand and unbearable mitigation burdens on the other. In addition, we investigate the influence of climate sensitivity on the corridors. [ABSTRACT FROM AUTHOR]

The computational burden associated with applications of the Tolerable Windows Approach (TWA) considerably exceeds that of traditional integrated assessments of global climate change. As part of the ICLIPS (Integrated Assessment of Climate Protection Strategies) project, a computationally efficient climate model has been developed that can be included in integrated assessment models of any kind. The ICLIPS climate model (ICM) is implemented in GAMS. It is driven by anthropogenic emissions of CO2, CH4, N2O, halocarbons, SF6, and SO2. The output includes transient patterns of near-surface air temperature, total column-integrated cloud cover fraction, precipitation, humidity, and global mean sea-level rise. The carbon cycle module explicitly treats the nonlinear sea water carbon chemistry and the nonlinear CO2 fertilized biosphere uptake. Patterns of the impact-relevant climate variables are derived form empirical orthogonal function (EOF) analysis and scaled by the principal component of temperature change. The evolution of the latter is derived from a box-model-type differential analogue to its impulse response function convolution integral. We present a description of the ICM components and some results to demonstrate the model's applicability in the TWA setting. [ABSTRACT FROM AUTHOR]