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  Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals

McCollum, D. L., Zhou, W., Bertram, C., Boer, H.-S.-d., Bosetti, V., Busch, S., Deprés, J., Drouet, L., Emmerling, J., Fay, M., Fricko, O., Fujimori, S., Gidden, M., Harmsen, M., Huppmann, D., Iyer, G., Krey, V., Kriegler, E., Nicolas, C., Pachauri, S., Parkinson, S., Poblete-Cazenave, M., Rafaj, P., Rao, N., Rozenberg, J., Schmitz, A., Schoepp, W., Vuuren, D. P. v., Riahi, K. (2018): Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals. - Nature Energy, 3, 7, 589-599.
https://doi.org/10.1038/s41560-018-0179-z

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 Creators:
McCollum, D. L.1, Author
Zhou, W.1, Author
Bertram, Christoph2, Author              
Boer, H.-S. de1, Author
Bosetti, V.1, Author
Busch, S.1, Author
Deprés, J.1, Author
Drouet, L.1, Author
Emmerling, J.1, Author
Fay, M.1, Author
Fricko, O.1, Author
Fujimori, S.1, Author
Gidden, M.1, Author
Harmsen, M.1, Author
Huppmann, D.1, Author
Iyer, G.1, Author
Krey, V.1, Author
Kriegler, Elmar2, Author              
Nicolas, C.1, Author
Pachauri, S.1, Author
Parkinson, S.1, AuthorPoblete-Cazenave, M.1, AuthorRafaj, P.1, AuthorRao, N.1, AuthorRozenberg, J.1, AuthorSchmitz, A.1, AuthorSchoepp, W.1, AuthorVuuren, D. P. van1, AuthorRiahi, K.1, Author more..
Affiliations:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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 Abstract: Low-carbon investments are necessary for driving the energy system transformation that is called for by both the Paris Agreement and Sustainable Development Goals. Improving understanding of the scale and nature of these investments under diverging technology and policy futures is therefore of great importance to decision makers. Here, using six global modelling frameworks, we show that the pronounced reallocation of the investment portfolio required to transform the energy system will not be initiated by the current suite of countries’ Nationally Determined Contributions. Charting a course toward ‘well below 2 °C’ instead sees low-carbon investments overtaking fossil investments globally by around 2025 or before and growing thereafter. Pursuing the 1.5 °C target demands a marked upscaling in low-carbon capital beyond that of a 2 °C-consistent future. Actions consistent with an energy transformation would increase the costs of achieving the goals of energy access and food security, but reduce the costs of achieving air-quality goals.

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 Dates: 2018
 Publication Status: Finally published
 Pages: -
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 Table of Contents: -
 Rev. Type: -
 Identifiers: DOI: 10.1038/s41560-018-0179-z
PIKDOMAIN: Sustainable Solutions - Research Domain III
eDoc: 8117
Research topic keyword: 1.5/2°C limit
Research topic keyword: Energy
Research topic keyword: Sustainable Development
Research topic keyword: Economics
Research topic keyword: Mitigation
Model / method: REMIND
Model / method: Model Intercomparison
Model / method: MAgPIE
Regional keyword: Global
Organisational keyword: RD3 - Transformation Pathways
Working Group: Energy Systems
 Degree: -

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Title: Nature Energy
Source Genre: Journal, SCI, Scopus
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Publ. Info: -
Pages: - Volume / Issue: 3 (7) Sequence Number: - Start / End Page: 589 - 599 Identifier: Other: Springer Nature
Other: 2058-7546
CoNE: https://publications.pik-potsdam.de/cone/journals/resource/nature-energy