Expectations for a New Climate Agreement

With the objective of stimulating timely and open discussion of the current attempt to formulate a new climate agreement—to be reached at the 21st meeting of the Conference of Parties (COP-21) in Paris during November of 2015—analysis is conducted of the expected developments in the lead-up negotiat...

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Main Authors: Jacoby, H.D., Chen, Y.-H.H.
Format: Technical Report
Language:en_US
Published: MIT Joint Program on the Science and Policy of Global Change 2014
Online Access:http://hdl.handle.net/1721.1/91461
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author Jacoby, H.D.
Chen, Y.-H.H.
author_facet Jacoby, H.D.
Chen, Y.-H.H.
author_sort Jacoby, H.D.
collection MIT
description With the objective of stimulating timely and open discussion of the current attempt to formulate a new climate agreement—to be reached at the 21st meeting of the Conference of Parties (COP-21) in Paris during November of 2015—analysis is conducted of the expected developments in the lead-up negotiations. Based on the assumption that the architecture of the agreement will likely involve voluntary pledges and ex-post review (akin to the Copenhagen Accord), the domestic policies and measures expected to underlie national negotiating positions are described. Applying a global economic model, the effect of these Nationally Determined Contributions (NDCs) on global greenhouse gas emissions is assessed. The analysis shows that an agreement likely achievable at COP-21 will succeed in a useful bending the curve of global emissions. The likely agreement will not, however, produce global emissions within the window of paths to 2050 that are consistent with frequently proposed climate goals, raising questions about follow-up steps in the development of a climate regime.
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spelling mit-1721.1/914612019-04-12T12:50:16Z Expectations for a New Climate Agreement Jacoby, H.D. Chen, Y.-H.H. With the objective of stimulating timely and open discussion of the current attempt to formulate a new climate agreement—to be reached at the 21st meeting of the Conference of Parties (COP-21) in Paris during November of 2015—analysis is conducted of the expected developments in the lead-up negotiations. Based on the assumption that the architecture of the agreement will likely involve voluntary pledges and ex-post review (akin to the Copenhagen Accord), the domestic policies and measures expected to underlie national negotiating positions are described. Applying a global economic model, the effect of these Nationally Determined Contributions (NDCs) on global greenhouse gas emissions is assessed. The analysis shows that an agreement likely achievable at COP-21 will succeed in a useful bending the curve of global emissions. The likely agreement will not, however, produce global emissions within the window of paths to 2050 that are consistent with frequently proposed climate goals, raising questions about follow-up steps in the development of a climate regime. The Emissions Prediction and Policy Analysis (EPPA) model is supported by a consortium of government, industry and foundation sponsors of the MIT Joint Program on the Science and Policy of Global Change, including U.S. Department of Energy, Office of Science (DE-FG02-94ER61937). 2014-11-05T15:57:07Z 2014-11-05T15:57:07Z 2014-08 Technical Report http://hdl.handle.net/1721.1/91461 Report 264 en_US MIT Joint Program Report Series;264 application/pdf MIT Joint Program on the Science and Policy of Global Change
spellingShingle Jacoby, H.D.
Chen, Y.-H.H.
Expectations for a New Climate Agreement
title Expectations for a New Climate Agreement
title_full Expectations for a New Climate Agreement
title_fullStr Expectations for a New Climate Agreement
title_full_unstemmed Expectations for a New Climate Agreement
title_short Expectations for a New Climate Agreement
title_sort expectations for a new climate agreement
url http://hdl.handle.net/1721.1/91461
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