Abstract
Over 40 studies that analyse future GHG emissions allowances or reduction targets for different regions based on a wide range of effort-sharing approaches and long-term concentration stabilization levels are compared. This updates previous work undertaken for the Fourth Assessment Report of the Intergovernmental Panel on Climate Change. Regional reduction targets differ significantly for each effort-sharing approach. For example, in the Organisation for Economic Co-operation and Development (OECD) 1990 region, new proposals that emphasize the equity principles of responsibility, capability, and need, and those based on equal cumulative per capita emissions (carbon budgets), lead to relatively stringent emissions reduction targets. In order to reach a low concentration stabilization level of 450 ppm CO2e, the allowances under all effort sharing approaches in OECD1990 for 2030 would be approximately half of the emissions of 2010 with a large range, roughly two-thirds in the Economies in Transition (EIT), roughly at the 2010 emissions level or slightly below in Asia, slightly above the 2010 level in the Middle East and Africa and well below the 2010 level in Latin America. For 2050, allowances in OECD1990 and EIT would be a fraction of today's emissions, approximately half of 2010 emission levels in Asia, and possibly less than half of the 2010 level in Latin America.
Original language | English |
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Pages (from-to) | 122-147 |
Journal | Climate Policy |
Volume | 14 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2014 |
Keywords
- future commitments
- emission allowances
- sectoral approach
- abatement costs
- climate policy
- greenhouse
- differentiation
- mitigation
- triptych
- countries