FEEM working papers "Note di lavoro" series
2004 .095

Climate Uncertainty and the Necessity to Transform Global Energy Supply


Autori: Bob van der Zwaan, Reyer Gerlagh
Serie: Climate Change and Sustainable Development
Editor: Carlo Carraro
Tipo: Journal
Parole chiave: Global warming,CO2 emissions,Climate sensitivity,Fossil to non-fossil transition,Carbon-free power,Energy savings
Numero JEL: 030,Q25,Q42,Q43,Q48
JEL: Energy
Pagine: Vol. 31, Issue 14, pp. 2235-2251
Data: 11/2006

Abstract

This paper analyses the policy relevance of the dominant uncertainties in our current scientific understanding of the terrestrial climate system, and provides further evidence for the need to radically transform - this century - our global infrastructure of energy supply, given the global average temperature increase as a result of anthropogenic carbon dioxide emissions. We investigate the effect on required CO2 emission reduction efforts, both in terms of how much and when, of our uncertain knowledge today of the climate sensitivity to a doubling in them atmospheric CO2 concentration. Also the roles of carbon-free energy and energy savings, and their evolutions over time, are researched, as well as their dependence on some of our characteristic modelling features. We use a top-down model in which there are two competing energy sources, fossil and non-fossil. Technological change is represented endogenously through learning curves, and modest but non-zero demand exists for the relatively expensive carbon-free energy resource.

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