Decarbonizing Development: Three Steps to a Zero-Carbon Future (Climate Change and Development Series) - Tapa blanda

Libro 1 de 5: Climate Change and Development

Fay, Marianne; Hallegatte, Stephane; Vogt-Schilb, Adrien

 
9781464804793: Decarbonizing Development: Three Steps to a Zero-Carbon Future (Climate Change and Development Series)

Sinopsis

"The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. -Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. -Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies."

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Reseña del editor

"The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. -Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. -Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies."

Reseña del editor

Stabilizing climate change requires bringing net carbon emissions to zero, implying full decarbonization of the economy. This report focuses on the decarbonization aspects of green growth, looking at the planning instruments, policy mix, and financial structure that can help deliver what is needed to keep warming as close as possible to 2 C above pre-industrial levels. It delivers three main messages. First, climate stabilization requires achieving carbon neutrality. This in turn requires structural change away from carbon-intensive sectors, carbon-neutral electricity, energy efficiency gains in every sector, and electrification of the remaining energy needs. Second, a package of climate policies is needed to tackle the multiple government and market failures that explain our current carbon intensity, and to manage the distributional and competitiveness impacts of restructuring our economies away from carbon. Third, financing the transition to a low-carbon future is challenging: the need is not only to finance the additional cost of low- or zero-carbon capital compared to baseline capital; in many parts of the world, financing infrastructure is already a challenge per se."

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