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  A net-zero target compels a backward induction approach to climate policy

Dolphin, G., Pahle, M., Burtraw, D., Kosch, M. (2023): A net-zero target compels a backward induction approach to climate policy. - Nature Climate Change, 13, 1033-1041.
https://doi.org/10.1038/s41558-023-01798-y

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Dolphin, Geoffroy1, ???ENUM_CREATORROLE_AUTHOR???
Pahle, Michael2, ???ENUM_CREATORROLE_AUTHOR???                 
Burtraw, Dallas1, ???ENUM_CREATORROLE_AUTHOR???
Kosch, Mirjam2, ???ENUM_CREATORROLE_AUTHOR???           
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1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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 ???ViewItemFull_lblAbstract???: Jurisdictions worldwide increasingly affirm their contributions to the Paris Agreement by pledging net-zero targets. We argue that delivering on net-zero targets compels a backward induction approach to climate policy, which stipulates that maximizing credibility should be the objective of policy pathways design. This implies choosing policies that strike a suitable balance between building commitment and attaining cost efficiency. Our argument rests on the premise that private investments play a key role for net zero, and that getting expectations right—through credible commitment to a policy pathway—is more relevant than getting the prices right to align the investments with net zero. We sketch the main elements for a regulatory strategy to put this approach into action.

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???ViewItemFull_lblLanguages???: eng - English
 ???ViewItemFull_lblDates???: 2022-11-012023-08-072023-09-182023-10
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???ENUM_IDENTIFIERTYPE_RESEARCHTK???: Climate Policy
???ENUM_IDENTIFIERTYPE_RESEARCHTK???: Mitigation
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???ViewItemFull_lblSourceTitle???: Nature Climate Change
???ViewItemFull_lblSourceGenre???: ???ENUM_GENRE_JOURNAL???, SCI, Scopus, p3
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