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International trading networks significantly influence global economic conditions and environmental outcomes. A notable imbalance between economic gains and emissions transfers persists, manifesting as carbon inequality. This study…
To achieve the ambitious aims of the Paris climate agreement, the majority of fossil-fuel reserves needs to remain underground. As current national government commitments to mitigate greenhouse gas emissions are insufficient by far, actors…
An updated and extended meta-analysis confirms that the central estimate of the social cost of carbon is around $200/tC with a large, right-skewed uncertainty and trending up. The pure rate of time preference and the inverse of the…
This paper argues that military buildups lead to a significant rise in greenhouse gas emissions and can disrupt the green transition. Identifying military spending shocks, I use local projections to show that a percentage point rise in the…
It has been claimed that COVID-19 public stimulus packages could be sufficient to meet the short-term energy investment needs to leverage a shift toward a pathway consistent with the 1.5 degrees C target of the Paris Agreement. Here we…
With companies, states, and countries targeting net-zero emissions around midcentury, there are questions about how these targets alter household welfare and finances, including distributional effects across income groups. This paper…
Increasing urbanization puts pressure on cities to prioritize sustainable growth and avoid carbon lock-in. Available modeling frameworks fall acutely of guiding such pivotal decision-making at the local level. Financial incentives,…
The climate emergency increasingly threatens our communities, ecosystems, food production, health, and economy. It disproportionately impacts lower income communities, communities of color, and the elderly. Assessments since the 2018 IPCC…
A transition to a low-carbon electricity supply is crucial to limit the impacts of climate change. Reducing carbon emissions could help prevent the world from reaching a tipping point, where runaway emissions are likely. Runaway emissions…
India, being one of the fastest growing economies of the world, must take a sustainable path for development. India is responsible for 7 percent of global CO2 emissions. The electricity sector accounts for nearly 35 percent of emissions…
Economic complexity has been linked to sustainability outcomes, such as income inequality and greenhouse gas emissions. Yet, it is unclear whether the pursuit of complex and/or related activities naturally aligns with these outcomes, or…
Global warming arises from 'temperature forcing', a net imbalance between energy fluxes entering and leaving the climate system and arising within it. Humanity introduces temperature forcing through greenhouse gas emissions, agriculture,…
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…
China's pledge to reach carbon neutrality before 2060 is an ambitious goal and could provide the world with much-needed leadership on how to limit warming to +1.5C warming above pre-industrial levels by the end of the century. But the…
To meet the 2{\deg}C target and, in particular the 1.5{\deg}C target defined in the Paris Agreement, rapid scaling-up of BECCS (Bio-Energy with Carbon Capture and Storage) and other negative emissions technologies (NETs) is essential.…
Improved knowledge of glacial-to-interglacial global temperature change implies that fast-feedback equilibrium climate sensitivity (ECS) is 1.2 +/- 0.3{\deg}C (2$\sigma$) per W/m$^2$. Consistent analysis of temperature over the full…
The European Union Emission Trading Scheme is a carbon emission allowance trading system designed by Europe to achieve emission reduction targets. The amount of carbon emission caused by production activities is closely related to the…
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…
We explore the interplay between sovereign debt default/renegotiation and environmental factors (e.g., pollution from land use, natural resource exploitation). Pollution contributes to the likelihood of natural disasters and influences…
While energy arbitrage from energy storage can lower power system operating costs, it can also increase greenhouse gas emissions. If power system operations are conducted with the constraint that energy storage operation must not increase…