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Decarbonizing Development: Three Steps to a Zero-Carbon Future

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by Marianne Fay & Stephane Hallegatte
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Decarbonizing Development: Three Steps to a Zero-Carbon Future by Marianne Fay & Stephane Hallegatte

The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. -Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. -Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies.

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Ebook Details
Pages: 184
Size: 17.3 MB
Publisher: World Bank Publications
Date published:   2015
ISBN: 2370006743958 (DRM-EPUB)

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This product is listed in the following category:

Nonfiction > Business & Economics > Development

These authors have products in the following categories:

Nonfiction > Business & Economics
Nonfiction > Science > Environmental Science
Nonfiction > Political Science > Public Policy > Environmental Policy
Nonfiction > Business & Economics > International
Nonfiction > Business & Economics > Infrastructure
Nonfiction > Business & Economics > Development
Nonfiction > Business & Economics > Development > Economic Development

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