Decarbonisation Strategies: How Much, How, Where and Who Pays for [Delta] [Less than or Equal-to] 2° Celsius?
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2010-03-01
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Abstract:This paper was written for the conference presidential address delivered on January 23 2010 at the 40th Annual Meeting of the Gujarat Economic Association in Kim (Surat District), India. The paper has been motivated primarily to outline and delve into what is entailed—along key dimensions—in bringing about emissions reduction for climate stabilization. In some way, this tack, inter alia, may help to implicitly explain why it has been so difficult to agree on sharing responsibilities and confront other challenges. The plan of the paper is as follows. In the next section, I briefly review the desired quantum and possible timeline for global carbon abatement for minimizing the likelihood of irreversible climate change. The subsequent two sections explore promising approaches in the transport and power sectors that are likely to be at the crux for halving energy-related emissions by 2050.
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