The Challenge of Global Warming for the Global Economy - GFDRR
The Challenge of Global Warming for the Global Economy - GFDRR
The Challenge of Global Warming for the Global Economy - GFDRR
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Policy Scenarios <strong>for</strong> Analysis<br />
1. Baseline. No emissions controls.<br />
2. Optimal policy. Emissions and carbon prices to<br />
maximize discounted economic welfare.<br />
3. Limit to 2 °C. Climatic constraints with global<br />
temperature increase limited to 2 °C above 1900<br />
4. Streng<strong>the</strong>ned Kyoto Protocol. Modeled on US proposal<br />
with rich countries at same time and developing<br />
countries join after 1 -3 decades.<br />
5. “Ambitious”: Gore/Stern early emissions reductions<br />
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