气候变化领域集成服务门户(CCPortal): A comparison of low carbon investment needs between China and Europe in stringent climate policy scenarios

CCPortal

DOI	10.1088/1748-9326/ab0dd8
	A comparison of low carbon investment needs between China and Europe in stringent climate policy scenarios
	Zhou W.; McCollum D.L.; Fricko O.; Gidden M.; Huppmann D.; Krey V.; Riahi K.
发表日期	2019
ISSN	17489318
卷号	14 期号:5
英文摘要	The radical change in recent global climate governance calls for China and Europe to ramp up their efforts in leading the world to reach the long-term climate goals. By analyzing the results from the state-of-the-art global integrated assessment model, MESSAGEix-GLOBIOM, this paper aims to understand the future levels of financial investment needed for building and maintaining energy-related infrastructure in the two regions for fulfilling stringent targets consistent with 'well below 2 °C'. The results indicate that a rapid upscaling and structural change of these investments towards decarbonization are necessitated by the climate stringent scenarios. China and Europe need to increase their low carbon investments by 65% and 38% in a scenario reaching the 2° target relative to their respective reference scenarios which assume no such target from 2016-2050. In a more stringent climate policy scenario of the 1.5° target, these investment needs will increase by 149% and 79% for China and Europe respectively. Among all the energy sectors, energy efficiency, renewable electricity generation and electricity transmission and distribution are the three largest investing targets for the two regions. However, those investments will not likely be realized without strong policy incentives. Implications for green finance and multilateral cooperation initiatives are discussed in the context of the scenario results. © 2019 The Author(s). Published by IOP Publishing Ltd.
英文关键词	energy investment; integrated assessment; low carbon investment; paris agreement
语种	英语
scopus关键词	Carbon; Climate change; Energy efficiency; Climate policy scenarios; Electricity transmission; Energy investments; Financial investments; Global integrated assessments; Integrated assessment; Low carbon; Renewable electricity; Investments; carbon emission; comparative study; environmental assessment; environmental economics; environmental policy; financial system; governance approach; incentive; integrated approach; international agreement; investment; long-term change; multilateral trade; scenario analysis; China; Europe
来源期刊	Environmental Research Letters
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/154576
作者单位	Energy Program, International Institute for Applied Systems Analysis (IIASA), Schlossplatz 1, Laxenburg, A-2361, Austria; University of Tennessee, 1640 Cumberland Avenue, Knoxville, TN 37996, United States; Industrial Ecology and Energy Transitions Programmes, Norwegian University of Science and Technology (NTNU), Trondheim, NO-7491, Norway; Graz University of Technology, Inffeldgasse, Graz, A-8010, Austria; Colorado School of Mines, 1500 Illinois Street, Golden, CO 80401, United States
推荐引用方式 GB/T 7714	Zhou W.,McCollum D.L.,Fricko O.,et al. A comparison of low carbon investment needs between China and Europe in stringent climate policy scenarios[J],2019,14(5).
APA	Zhou W..,McCollum D.L..,Fricko O..,Gidden M..,Huppmann D..,...&Riahi K..(2019).A comparison of low carbon investment needs between China and Europe in stringent climate policy scenarios.Environmental Research Letters,14(5).
MLA	Zhou W.,et al."A comparison of low carbon investment needs between China and Europe in stringent climate policy scenarios".Environmental Research Letters 14.5(2019).