Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113972
Authors: 
Tavoni, Massimo
van Vuuren, Detlef
Year of Publication: 
2015
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 71.2015
Abstract: 
Carbon budgets have emerged as a robust metric of warming, but little is known about the usefulness of regional carbon budgets as indicators of policy. This article explores the potential of regional carbon budgets to inform climate policy. Using the large database of scenarios from IPCC AR5 WGIII, we show that regional budgets are important metrics of the long term contribution to climate change and the effort required to mitigate it. However, their value appears to be more limited for informing short term courses of actions, and for predicting the economic consequences of emission reduction policies.
Subjects: 
Carbon Budgets
Climate Policy
IPCC
JEL: 
Q54
Q40
Document Type: 
Working Paper

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