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Is it too late to stabilise the global climate?

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  • Quiggin, John

Abstract

Assessment of the feasibility of stabilising the global climate requires consideration of trajectories for emissions of carbon dioxide and other greenhouse gases. This study presents a simple and robust analysis of feasible emissions trajectories. Consideration of feasible trajectories suggests that if the current pace of mitigation efforts is sustained, the likely outcome will be stabilisation at concentrations close to 500 parts per million. Such an outcome will imply a higher than 50 per cent probability of substantial damage from climate change and an enhanced risk of a catastrophic outcome.

Suggested Citation

  • Quiggin, John, 2013. "Is it too late to stabilise the global climate?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(1), pages 1-14.
    • Handle: RePEc:ags:aareaj:233843
    DOI: 10.22004/ag.econ.233843
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    1. John Quiggin, 2012. "Stabilizing the Global Climate: A Simple and Robust Benefit-Cost Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(2), pages 291-300.
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    Cited by:

    1. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.

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    Keywords

    Environmental Economics and Policy;

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