The distribution of the major economies’ effort in the Durban platform scenarios
The feasibility of achieving climate stabilization consistent with the objective of 2C is heavily influenced by how the effort in terms of mitigation and economic resources will be distributed among the major economies. This paper provides a multi-model quantifications of the mitigation commitment in ten major regions of the world for a diversity of allocation schemes. Our results indicate that a stylized policy with uniform carbon pricing and no transfer payments would yield an uneven distribution of policy costs, which would be lower, higher and significantly higher than the average for the OECD, developing economies and energy exporters respectively. We show that resource sharing burden sharing schemes would not resolve the issue of cost distribution. An effort sharing scheme which equalizes policy costs would yield an allocation of allowances in line with the aspirational targets of the OECD countries, and which would peak before 2030 for China. In all cases, a large international carbon market would emerge.
- Research Organization:
- Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
- Sponsoring Organization:
- USDOE
- DOE Contract Number:
- AC05-76RL01830
- OSTI ID:
- 1173056
- Report Number(s):
- PNNL-SA-93325; KP1703030
- Journal Information:
- Climate Change Economics, 4(4):Article No. 1340009, Journal Name: Climate Change Economics, 4(4):Article No. 1340009
- Country of Publication:
- United States
- Language:
- English
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