@article{SchultesPiontekSoergeletal.2021,
  author    = {Schultes, Anselm and Piontek, Franziska and Soergel, Bjoern and Rogelj, Joeri and Baumstark, Lavinia and Kriegler, Elmar and Edenhofer, Ottmar and Luderer, Gunnar},
  title     = {Economic damages from on-going climate change imply deeper near-term emission cuts},
  series = {Environmental research letters},
  volume    = {16},
  journal   = {Environmental research letters},
  number    = {10},
  publisher = {IOP Publishing},
  address   = {Bristol},
  issn      = {1748-9326},
  doi       = {10.1088/1748-9326/ac27ce},
  pages     = {11},
  year      = {2021},
  abstract  = {Pathways toward limiting global warming to well below 2 ∘C, as used by the IPCC in the Fifth Assessment Report, do not consider the climate impacts already occurring below 2 ∘C. Here we show that accounting for such damages significantly increases the near-term ambition of transformation pathways. We use econometric estimates of climate damages on GDP growth and explicitly model the uncertainty in the persistence time of damages. The Integrated Assessment Model we use includes the climate system and mitigation technology detail required to derive near-term policies. We find an optimal carbon price of \$115 per tonne of CO2 in 2030. The long-term persistence of damages, while highly uncertain, is a main driver of the near-term carbon price. Accounting for damages on economic growth increases the gap between the currently pledged nationally determined contributions and the welfare-optimal 2030 emissions by two thirds, compared to pathways considering the 2 ∘C limit only.},
  language  = {en}
}
@article{RiahiBertramHuppmannetal.2021,
  author    = {Riahi, Keywan and Bertram, Christoph and Huppmann, Daniel and Rogelj, Joeri and Bosetti, Valentina and Cabardos, Anique-Marie and Deppermann, Andre and Drouet, Laurent and Frank, Stefan and Fricko, Oliver and Fujimori, Shinichiro and Harmsen, Mathijs and Hasegawa, Tomoko and Krey, Volker and Luderer, Gunnar and Paroussos, Leonidas and Schaeffer, Roberto and Weitzel, Matthias and van der Zwaan, Bob and Vrontisi, Zoi and Longa, Francesco Dalla and Despr{\´e}s, Jacques and Fosse, Florian and Fragkiadakis, Kostas and Gusti, Mykola and Humpen{\"o}der, Florian and Keramidas, Kimon and Kishimoto, Paul and Kriegler, Elmar and Meinshausen, Malte and Nogueira, Larissa Pupo and Oshiro, Ken and Popp, Alexander and Rochedo, Pedro R. R. and {\"U}nl{\"u}, Gamze and van Ruijven, Bas and Takakura, Junya and Tavoni, Massimo and van Vuuren, Detlef P. and Zakeri, Behnam},
  title     = {Cost and attainability of meeting stringent climate targets without overshoot},
  series = {Nature climate change},
  volume    = {11},
  journal   = {Nature climate change},
  number    = {12},
  publisher = {Nature Publishing Group},
  address   = {London},
  issn      = {1758-678X},
  doi       = {10.1038/s41558-021-01215-2},
  pages     = {1063 -- 1069},
  year      = {2021},
  abstract  = {Global emissions scenarios play a critical role in the assessment of strategies to mitigate climate change. The current scenarios, however, are criticized because they feature strategies with pronounced overshoot of the global temperature goal, requiring a long-term repair phase to draw temperatures down again through net-negative emissions. Some impacts might not be reversible. Hence, we explore a new set of net-zero CO2 emissions scenarios with limited overshoot. We show that upfront investments are needed in the near term for limiting temperature overshoot but that these would bring long-term economic gains. Our study further identifies alternative configurations of net-zero CO2 emissions systems and the roles of different sectors and regions for balancing sources and sinks. Even without net-negative emissions, CO2 removal is important for accelerating near-term reductions and for providing an anthropogenic sink that can offset the residual emissions in sectors that are hard to abate.},
  language  = {en}
}