Publication: Policy instruments for limiting global temperature rise to 1.5°C – can humanity rise to the challenge?
Policy instruments for limiting global temperature rise to 1.5°C – can humanity rise to the challenge?
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Michaelowa, A., Allen, M., & Sha, F. (2018). Policy instruments for limiting global temperature rise to 1.5°C – can humanity rise to the challenge? Climate Policy, 18(3), 275–286. https://doi.org/10.1080/14693062.2018.1426977
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In order to mobilize the volume of mitigation required to reach a global emissions path consistent with 1.5°C, policy instruments need to be much more stringent than they have been to date. They will have to ensure full decarbonization of key economic sectors within one generation, which will require retirement of high-carbon assets before the end of their technical lifetime. However, political economy shows that only those instruments will be implemented that benefit well-organized interest groups while spreading costs as widely as p
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Michaelowa, A., Allen, M., & Sha, F. (2018). Policy instruments for limiting global temperature rise to 1.5°C – can humanity rise to the challenge? Climate Policy, 18(3), 275–286. https://doi.org/10.1080/14693062.2018.1426977