This Title All WIREs
How to cite this WIREs title:
WIREs Energy Environ.
Impact Factor: 3.803

Climate policies and nationally determined contributions: reconciling the needed ambition with the political economy

Full article on Wiley Online Library:   HTML PDF

Can't access this content? Tell your librarian.

Countries have pledged to stabilize global warming at a 1.5–2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This study reviews the literature on how policymakers can design climate policies and their nationally determined contributions to reach zero‐net emissions before the end of the century in a socially and politically acceptable manner. To get the ambition right, policymakers can use sectoral roadmaps with targets and indicators that track progress toward zero emissions (e.g., regarding renewable power or reforestation). Indeed, monitoring economy‐wide emissions‐reductions alone would not ensure that short‐term action contributes meaningfully to the long‐term decarbonization goal. To get the political economy right, climate policies can be designed so that they contribute to nonclimate objectives and create broad coalitions of supporters. For instance, carbon taxes revenues can fund social assistance and infrastructure investment, while reducing tax evasion and informality. To minimize social and economic disruptions and avoid stranded assets, policymakers can also start with a low carbon price level and use complementary policies. Designed at the sector level, complementary policies such as performance standards or feebates for cars, building norms, or moratoriums on new coal power plants can be negotiated in partnership with local stakeholders and trigger a transition to zero carbon that does not directly affect existing polluting capital. WIREs Energy Environ 2017, 6:e256. doi: 10.1002/wene.256 This article is categorized under: Energy and Climate > Economics and Policy Energy Policy and Planning > Economics and Policy
Using a longer time frame changes, the optimal short‐term policy mix for Brazil is depicted. The 2020 and 2030 bars amount to an equivalent amount of emission reduction, although they include a different mix of measures. See details in the original paper.
[ Normal View | Magnified View ]
Existing energy efficiency standards for new road vehicles (International Council on Clean Transportation).
[ Normal View | Magnified View ]
Carbon efficiency and employment content of the value added by sector of the French economy.
[ Normal View | Magnified View ]

Related Articles

Top Ten WENE Articles

Browse by Topic

Energy and Climate > Economics and Policy
Energy Policy and Planning > Economics and Policy

Access to this WIREs title is by subscription only.

Recommend to Your
Librarian Now!

The latest WIREs articles in your inbox

Sign Up for Article Alerts