English
 
Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
  Alternative carbon price trajectories can avoid excessive carbon removal

Strefler, J., Kriegler, E., Bauer, N., Luderer, G., Pietzcker, R. C., Giannousakis, A., Edenhofer, O. (2021): Alternative carbon price trajectories can avoid excessive carbon removal. - Nature Communications, 12, 2264.
https://doi.org/10.1038/s41467-021-22211-2

Item is

Basic

show hide
Item Permalink: https://publications.pik-potsdam.de/pubman/item/item_25351 Version Permalink: https://publications.pik-potsdam.de/pubman/item/item_25351_2
Genre: Journal Article

Files

show Files
hide Files
:
25351oa.pdf (Publisher version), 604KB
Name:
25351oa.pdf
Description:
-
Visibility:
Public
MIME-Type / Checksum:
application/pdf / [MD5]
Technical Metadata:
Copyright Date:
-
Copyright Info:
-

Locators

show

Creators

show
hide
 Creators:
Strefler, Jessica1, Author              
Kriegler, Elmar1, Author              
Bauer, Nicolas1, Author              
Luderer, Gunnar1, Author              
Pietzcker, Robert C.1, Author              
Giannousakis, Anastasis1, Author              
Edenhofer, Ottmar1, Author              
Affiliations:
1Potsdam Institute for Climate Impact Research, ou_persistent13              

Content

show
hide
Free keywords: -
 Abstract: The large majority of climate change mitigation scenarios that hold warming below 2 °C show high deployment of carbon dioxide removal (CDR), resulting in a peak-and-decline behavior in global temperature. This is driven by the assumption of an exponentially increasing carbon price trajectory which is perceived to be economically optimal for meeting a carbon budget. However, this optimality relies on the assumption that a finite carbon budget associated with a temperature target is filled up steadily over time. The availability of net carbon removals invalidates this assumption and therefore a different carbon price trajectory should be chosen. We show how the optimal carbon price path for remaining well below 2 °C limits CDR demand and analyze requirements for constructing alternatives, which may be easier to implement in reality. We show that warming can be held at well below 2 °C at much lower long-term economic effort and lower CDR deployment and therefore lower risks if carbon prices are high enough in the beginning to ensure target compliance, but increase at a lower rate after carbon neutrality has been reached.

Details

show
hide
Language(s):
 Dates: 2021-02-242021-04-152021-04-15
 Publication Status: Finally published
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: PIKDOMAIN: RD3 - Transformation Pathways
PIKDOMAIN: Director / Executive Staff / Science & Society
Organisational keyword: RD3 - Transformation Pathways
Organisational keyword: Director Edenhofer
Research topic keyword: Carbon Pricing
Research topic keyword: CO2 Removal
Research topic keyword: 1.5/2°C limit
Research topic keyword: Economics
Model / method: REMIND
Regional keyword: Global
Organisational keyword: RD3 - Transformation Pathways
DOI: 10.1038/s41467-021-22211-2
OATYPE: Gold - DEAL Springer Nature
 Degree: -

Event

show

Legal Case

show

Project information

show

Source 1

show
hide
Title: Nature Communications
Source Genre: Journal, SCI, Scopus, p3, oa
 Creator(s):
Affiliations:
Publ. Info: -
Pages: - Volume / Issue: 12 Sequence Number: 2264 Start / End Page: - Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/journals354
Publisher: Springer Nature