Regional Carbon Budgets: Do They Matter for Climate Policy?

21 Pages Posted: 30 Jul 2015

See all articles by Massimo Tavoni

Massimo Tavoni

Fondazione Eni Enrico Mattei (FEEM); Princeton University - Princeton Environmental Institute

Detlef P. van Vuuren

PBL Netherlands Environmental Assessment Agency (Bilthoven)

Date Written: July 29, 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.

Keywords: Carbon Budgets, Climate Policy, IPCC

JEL Classification: Q54, Q40

Suggested Citation

Tavoni, Massimo and van Vuuren, Detlef P., Regional Carbon Budgets: Do They Matter for Climate Policy? (July 29, 2015). FEEM Working Paper No. 071.2015. Available at SSRN: https://ssrn.com/abstract=2637298 or http://dx.doi.org/10.2139/ssrn.2637298

Massimo Tavoni (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

Corso Magenta 63
20123 Milan
Italy

Princeton University - Princeton Environmental Institute

22 Chambers Street
Princeton, NJ 08544-0708
United States

Detlef P. Van Vuuren

PBL Netherlands Environmental Assessment Agency (Bilthoven)

Antonie van Leeuwenhoeklaan 9
Bilthoven, 3721 MA
Netherlands

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