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Stringent climate policy compatible with the targets of the 2015 Paris Agreement would pose a substantial fiscal challenge. Reducing carbon dioxide emissions by 95% or more by 2050 would raise 7% (1-17%) of GDP in carbon tax revenue, half…
The temperature targets in the Paris Agreement cannot be met without very rapid reduction of greenhouse gas emissions and removal of carbon dioxide from the atmosphere. The latter requires large, perhaps prohibitively large subsidies. The…
Climate change mitigation is a global challenge that, however, needs to be resolved by national-level authorities, resembling a tragedy of the commons. This paradox is reflected at European scale, as climate commitments are made by the EU…
Mitigating climate change and its impacts is one of the sustainable development goals (SDGs) required by United Nations for an urgent action. Increasing carbon emissions due to human activities is the root cause to climate change.…
Despite efforts to stabilize CO_2 concentrations, it is possible that the climate system could respond abruptly with catastrophic consequences. Intentional intervention in the climate system to avoid or ameliorate such consequences has been…
As an important step to fulfill the Paris Agreement and achieve net-zero emissions by 2050, the European Commission adopted the most ambitious package of climate impact measures in April 2021 to improve the flow of capital towards…
The global climate change creates a dire need to mitigate greenhouse gas (GHG) emissions from thermal generation resources (TGRs). While microgrids are instrumental in enabling the deeper penetration of renewable resources, the short-term…
We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon…
Urgently needed carbon emissions reductions might lead to strict command-and-control decarbonization strategies with potentially negative economic consequences. Analysing the entire firm-level production network of a European economy, we…
Greenhouse gas emissions from the residential sector represent a significant fraction of global emissions. Governments and utilities have designed incentives to stimulate the adoption of decarbonization technologies such as rooftop PV and…
Existing emissions trading system (ETS) designs inhibit emissions but do not constrain warming to any fxed level, preventing certainty of the global path of warming. Instead, they have the indirect objective of reducing emissions. They…
To assess the impact of potential future climate pledges after the first Global Stocktake, we propose a simple, transparent framework for developing emission and temperature scenarios by country. We show that current pledges with…
The European Union (EU) aims to reach carbon neutrality by 2050. This requires capturing CO2, eventually transporting it to different regions, and either converting it into valuable products or sequestering it underground. Although the…
In this report, we examine the available evidence regarding ICT's current and projected climate impacts. We examine peer-reviewed studies which estimate ICT's current share of global greenhouse gas (GHG) emissions to be 1.8-2.8% of global…
The aviation sector is challenging to decarbonize since aircraft require high power and energy per unit of weight. Liquid hydrogen is an interesting solution due to its high gravimetric energy density, minimal warming impact, and low-carbon…
Achieving decarbonization across energy sectors requires demand-side transformation such as behavioural changes and end-use efficiency improvements to complement supply-side technological shifts. However, changing consumption patterns is…
Abatement options for the hard-to-electrify parts of the transport sector are needed to achieve ambitious emissions targets. Biofuels based on biomass, electrofuels based on renewable hydrogen and a carbon source, as well as fossil fuels…
Direct air carbon capture and storage (DACCS) is a promising CO2 removal technology, but its deployment at scale remains speculative. Yet, its technological, economic, and policy-related uncertainties have often been overlooked in…
In the context of the Paris Agreement, Chile has pledged to reduce Greenhouse Gases (GHG) intensity by at least 30% below 2007 levels by 2030, and to phase out coal as a energy source by 2040, among other strategies. In pursue of these…
Global warming is often framed in broad planetary numbers such as the 1.5C and 2C warming thresholds, creating the false impression that individual corporations efforts to reduce emissions are meaningless in the absence of collective…