Climate Change, Mitigation, and Developing Country Growth
This paper deals with global mitigation strategy. More specifically the main purpose is to address the question of whether growth in the developing world is consistent with long?run climate change objectives. The first part of this paper lays out t...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/409651468336028098/Climate-change-mitigation-and-developing-country-growth http://hdl.handle.net/10986/28022 |
| Summary: | This paper deals with global mitigation
strategy. More specifically the main purpose is to address
the question of whether growth in the developing world is
consistent with long?run climate change objectives. The
first part of this paper lays out time paths for emissions
for countries in various categories. These paths are
consistent with countries' growth objectives, incomes,
and capacity to absorb mitigation costs. The intent is to
show that while global emissions are likely to remain flat
or even to rise as a result of the combined effect of
mitigation undertaken by advanced countries and growth in
the developing world, eventually reasonably safe global per
capita levels can be reached on a 50?year time horizon. The
second part of this paper discusses countries' roles in
relation to different categories and mechanisms that will
support the achievement of safe emissions paths. These
mechanisms create incentives and deal with the absorption of
costs. In particular, the paper argues that a carbon credit
trading system in the advanced countries, combined with an
effective cross?border mechanism and a
'graduation' criterion for developing countries to
join the advanced group, will create strong incentives,
achieve a fair pattern of cost absorption, and support the
dynamics described in part one. One point emerges clearly:
the cross?border mechanism (or international offsets) is
essential in dealing with both the efficiency and the cost
absorption and equity challenges of a global mitigation strategy. |
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