External Publications
2013.093
Date: 02/2014

The Clean Energy R&D Strategy for 2°C


Authors: Giacomo Marangoni, Massimo Tavoni
Publisher: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Journal
JEL n.: Q55, Q58, Q48
Pages: Vol. 05, No. 01, DOI 10.1142/S201000781440003X
Published in: Climate Change Economics
Keywords: Clean Energy R&D, Endogenous Technical Change, Climate Policy, 2 Degrees, Durban Action Platform

Abstract

This paper uses an integrated assessment model to quantify the climate R&D investment strategy for a variety of scenarios fully consistent with 2°C. We estimate the total climate R&D investment needs in approximately 1 USD Trillion cumulatively in the period 2010-2030, and 1.6 USD Trillions in the period 2030-2050. Most of the R&D would be carried out in industrialized countries initially, but would be evenly split after 2030. We also assess a ‘climate R&D deal’ in which countries cooperate on innovation in the short term, and find that an R&D agreement slightly underperforms a climate policy based on the extension of the Copenhagen pledges till 2030. Both policies are inferior to full cooperation on mitigation starting in 2020.  A global agreement on clean energy innovation beyond 2030 without sufficiently stringent GHG emissions reduction policies is found to be incompatible with 2°C.

***

Suggested citation: Giacomo Marangoni and Massimo Tavoni, Clim. Change Econ.05, 1440003 (2014) [23 pages] DOI: 10.1142/S201000781440003X

Download file
Download file
links
Link
The Clean Energy R&D Strategy for 2°C

FEEM Newsletter & Update

Subscribe to stay connected.

Your data will be processed by FEEM - Eni Enrico Mattei Foundation - Data Controller - to receive the Foundation's Newsletter & Update via e-mail. To send the requested information, the Data Controller uses e-mail sending service providers established in the U.S.A .: for this, your consent to the transfer of your email address to the U.S.A. is required, without which it will not be possible to comply with your request. We invite you to consult the complete information to obtain detailed information to protect your rights.