Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1038/s41558-017-0053-1 |
Divestment prevails over the green paradox when anticipating strong future climate policies | |
Bauer, Nico1; McGlade, Christophe2; Hilaire, Jerome1,3; Ekins, Paul2 | |
2018-02-01 | |
发表期刊 | NATURE CLIMATE CHANGE |
ISSN | 1758-678X |
EISSN | 1758-6798 |
出版年 | 2018 |
卷号 | 8期号:2页码:130-+ |
文章类型 | Article |
语种 | 英语 |
国家 | Germany; England |
英文摘要 | Fossil fuel market dynamics will have a significant impact on the effectiveness of climate policies(1). Both fossil fuel owners and investors in fossil fuel infrastructure are sensitive to climate policies that threaten their natural resource endowments and production capacities(2-4), which will consequently affect their near-term behaviour. Although weak in near-term policy commitments(5,6), the Paris Agreement on climate(7) signalled strong ambitions in climate change stabilization. Many studies emphasize that the 2 degrees C target can still be achieved even if strong climate policies are delayed until 2030(8-10). However, sudden implementation will have severe consequences for fossil fuel markets and beyond and these studies ignore the anticipation effects of owners and investors. Here we use two energy-economy models to study the collective influence of the two central but opposing anticipation arguments, the green paradox(11) and the divestment effect(12), which have, to date, been discussed only separately. For a wide range of future climate policies, we find that anticipation effects, on balance, reduce CO2 emissions during the implementation lag. This is because of strong divestment in coal power plants starting ten years ahead of policy implementation. The green paradox effect is identified, but is small under reasonable assumptions. |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000423842400014 |
WOS关键词 | OPEC ; OIL ; EMISSIONS ; CARTEL |
WOS类目 | Environmental Sciences ; Environmental Studies ; Meteorology & Atmospheric Sciences |
WOS研究方向 | Environmental Sciences & Ecology ; Meteorology & Atmospheric Sciences |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/32813 |
专题 | 资源环境科学 |
作者单位 | 1.Potsdam Inst Climate Impact Res, Potsdam, Germany; 2.UCL, Inst Sustainable Resources, London, England; 3.Mercator Inst Global Commons & Climate Change, Berlin, Germany |
推荐引用方式 GB/T 7714 | Bauer, Nico,McGlade, Christophe,Hilaire, Jerome,et al. Divestment prevails over the green paradox when anticipating strong future climate policies[J]. NATURE CLIMATE CHANGE,2018,8(2):130-+. |
APA | Bauer, Nico,McGlade, Christophe,Hilaire, Jerome,&Ekins, Paul.(2018).Divestment prevails over the green paradox when anticipating strong future climate policies.NATURE CLIMATE CHANGE,8(2),130-+. |
MLA | Bauer, Nico,et al."Divestment prevails over the green paradox when anticipating strong future climate policies".NATURE CLIMATE CHANGE 8.2(2018):130-+. |
条目包含的文件 | 条目无相关文件。 |
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