Related papers: Optimal Climate Strategy with Mitigation, Carbon R…
The international community aims to limit global warming to 1.5{\deg}C, but little progress has been made towards a global, cost-efficient, and fair climate mitigation plan to deploy carbon dioxide removal (CDR) at the Paris Agreement's…
Carbon dioxide removal (CDR) moves atmospheric carbon to geological or land-based sinks. In a first-best setting, the optimal use of CDR is achieved by a removal subsidy that equals the optimal carbon tax and marginal damages. We derive…
Combined climate mitigation/geoengineering approach has better economic utility, less emission control rate and temperature increase than mitigation alone. If setting the 50% reduction rate and 2^\circC temperature increase as constrains,…
Achieving climate neutrality in Europe requires rapid electrification alongside carbon management strategies for residual emissions. Existing analyses of the European energy system often focus on collocated carbon capture and geological…
The electrification of energy demand across sectors, powered by solar and wind generation, is the best strategy for achieving carbon neutrality. Carbon dioxide removal (CDR) strategies are also expected to play a crucial role by providing…
Energy technologies emitting differing proportions of methane and carbon dioxide vary in their relative climate impacts over time, due to the different atmospheric lifetimes of the two gases. Standard technology comparisons using the global…
Atmospheric Methane Removal (AMR) is a third class of climate intervention, along with Carbon Dioxide Removal (CDR) and Solar Radiation Management (SRM). We show that, unlike CDR, the avoided warming by AMR is not durable due to methane's…
Climate mitigation decisions today affect future generations, raising questions of intergenerational equity. Integrated assessment models (IAMs) rely on discounting to evaluate long-term policy costs and benefits. Using the DICE model, we…
Building on the carbon reduction targets agreed in the Paris Agreements, many nations have renewed their efforts toward achieving carbon neutrality by the year 2050. In line with this ambitious goal, nations are seeking to understand the…
Emissions pathways used in climate policy analysis are often derived from integrated assessment models. However, such emissions pathways do not typically include climate feedbacks on socioeconomic systems and by extension do not consider…
Despite being considered a hard-to-abate sector, aviation's emissions will play an important role in long-term climate mitigation of transportation. The introduction of low-carbon energy carriers and the deployment of new aircraft in the…
To analyze climate change mitigation strategies, economists rely on simplified climate models - climate emulators. We propose a generic and transparent calibration and evaluation strategy for these climate emulators that is based on Coupled…
Assessing the costs of climate change is essential to finding efficient pathways for the transition to a net-zero emissions economy, which is necessary to stabilise global temperatures at any level. In evaluating the benefits and costs of…
Social cost of carbon (SCC) is estimated by integrated assessment models (IAM) and is widely used by government agencies to value climate policy impacts. While there is an ongoing debate about obtained numerical estimates and related…
Sustainable investing refers to the integration of environmental and social aspects in investors' decisions. We propose a novel methodology based on the Triangulated Maximally Filtered Graph and node2vec algorithms to construct an hedging…
In the operation of the integrated energy system (IES), considering further reducing carbon emissions, improving its energy utilization rate, and optimizing and improving the overall operation of IES, an optimal dispatching strategy of…
The CMIP global climate models (GCMs) assess that nearly 100% of global surface warming observed between 1850-1900 and 2011-2020 is attributable to anthropogenic drivers like greenhouse gas emissions. These models also generate future…
When large surface areas of the Earth are altered, radiative forcing due to changes in surface reflectance can drive climate change. Yet to achieve the necessary scale to remove the substantial amounts of carbon dioxide from the atmosphere…
Among the seventeen Sustainable Development Goals (SDGs) proposed within the 2030 Agenda and adopted by all the United Nations member states, the 13$^{th}$ SDG is a call for action to combat climate change for a better world. In this work,…
Climate policy has become increasingly politicized in many countries including the US, with some political parties unwilling to pursue strong measures. Therefore, to be successful in mitigation, climate policies must be politically…