Calculation of Paris-compatible emission paths and emission targets - overview tools Extended Smooth Pathway Model (ESPM)
emissions trading (7) co2-budget (4) paris ambition mechanism (2) global stocktake (2) co2 price (1) climate dividend (1)
CO2 affect the climate for a long time. Therefore, remaining global CO2 budgets correspond to certain limits of global warming. Here are key statements from the IPCC's Sixth Assessment Report on remaining CO2 budgets.
Which concrete global budget we want to orientate, however, must ultimately be decided politically on the basis of the current state of scientific knowledge.
Such a global budget raises the question of how it can be distributed amongst the countries in a fair and economically reasonable way. Such a distribution should be an important guidance of the ratchet up mechanism (ambition mechanism) of the Paris Agreement with Nationally Determined Contributions ( NDCs ).
Calculation of Paris-compatible emission paths and emission targets - overview tools Extended Smooth Pathway Model (ESPM)