Strefler, J., Kriegler, E., Bauer, N. et al. Alternative carbon price trajectories can avoid excessive carbon removal. Nat Commun

Objective:

• Analyse the effects resulting from different shapes of carbon price pathways and the implications for designing economically reasonable climate policies in a cost-effectiveness framework

Case:

• Global countries

Methodology:

• IAM: REMIND

Data Source

Findings:

• In a cost-effectiveness framework with an explicit carbon budget limit, the optimal carbon price pathways shows an exponential increase at the rate of the discount rate

• The peak temperature limit determines the near-term emission reductions, almost independently of the shape of the carbon price path

Coding Reference:

• R