IDEAS home Printed from https://ideas.repec.org/a/spr/climat/v133y2015i3p361-373.html
   My bibliography  Save this article

The legacy of our CO 2 emissions: a clash of scientific facts, politics and ethics

Author

Listed:
  • Reto Knutti
  • Joeri Rogelj

Abstract

Of the carbon dioxide that we emit, a substantial fraction remains in the atmosphere for thousands of years. Combined with the slow response of the climate system, this results in the global temperature increase resulting from CO 2 being nearly proportional to the total emitted amount of CO 2 since preindustrial times. This has a number of simple but far-reaching consequences that raise important questions for climate change mitigation, policy and ethics. Even if anthropogenic emissions of CO 2 were stopped, most of the realized climate change would persist for centuries and thus be irreversible on human timescales, yet standard economic thinking largely discounts these long-term intergenerational effects. Countries and generations to first order contribute to both past and future climate change in proportion to their total emissions. A global temperature target implies a CO 2 “budget” or “quota”, a finite amount of CO 2 that society is allowed to emit to stay below the target. Distributing that budget over time and between countries is an ethical challenge that our world has so far failed to address. Despite the simple relationship between CO 2 emissions and temperature, the consequences for climate policy and for sharing the responsibility of reducing global CO 2 emissions can only be drawn in combination with judgments about equity, fairness, the value of future generations and our attitude towards risk. Copyright Springer Science+Business Media Dordrecht 2015

Suggested Citation

  • Reto Knutti & Joeri Rogelj, 2015. "The legacy of our CO 2 emissions: a clash of scientific facts, politics and ethics," Climatic Change, Springer, vol. 133(3), pages 361-373, December.
  • Handle: RePEc:spr:climat:v:133:y:2015:i:3:p:361-373
    DOI: 10.1007/s10584-015-1340-3
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10584-015-1340-3
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s10584-015-1340-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    2. Martin L. Weitzman, 2009. "On Modeling and Interpreting the Economics of Catastrophic Climate Change," The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 1-19, February.
    3. H. Damon Matthews & Nathan P. Gillett & Peter A. Stott & Kirsten Zickfeld, 2009. "The proportionality of global warming to cumulative carbon emissions," Nature, Nature, vol. 459(7248), pages 829-832, June.
    4. Thomas Lukas Frölicher & Michael Winton & Jorge Louis Sarmiento, 2014. "Continued global warming after CO2 emissions stoppage," Nature Climate Change, Nature, vol. 4(1), pages 40-44, January.
    5. Nicholas Stern, 2013. "The Structure of Economic Modeling of the Potential Impacts of Climate Change: Grafting Gross Underestimation of Risk onto Already Narrow Science Models," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 838-859, September.
    6. Christian Gollier, 2010. "Debating about the Discount Rate:The Basic Economic Ingredients," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 11(s1), pages 38-55, May.
    7. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Lasse Ringius & Asbjørn Torvanger & Arild Underdal, 2002. "Burden Sharing and Fairness Principles in International Climate Policy," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 2(1), pages 1-22, March.
    9. Prins, Gwyn & Galiana, Isabel & Green, Christopher & Grundmann, Reiner & Korhola, Atte & Laird, Frank & Nordhaus, Ted & Pielke Jnr, Roger & Rayner, Steve & Sarewitz, Daniel & Shellenberger, Michael & , 2010. "The Hartwell Paper: a new direction for climate policy after the crash of 2009," LSE Research Online Documents on Economics 27939, London School of Economics and Political Science, LSE Library.
    10. John Sterman, 2011. "Communicating climate change risks in a skeptical world," Climatic Change, Springer, vol. 108(4), pages 811-826, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shinichiro Asayama & Mike Hulme & Nils Markusson, 2021. "Balancing a budget or running a deficit? The offset regime of carbon removal and solar geoengineering under a carbon budget," Climatic Change, Springer, vol. 167(1), pages 1-21, July.
    2. Martha Cristina Linares Rodríguez & Nicolás Gambetta & María Antonia García-Benau, 2023. "Carbon management strategy quality in Colombian companies: the influence of the national and regional public sector and company-inherent characteristics," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(8), pages 8367-8394, August.
    3. Benlemlih, Mohammed & Li, Yiwei & Assaf, Cynthia, 2022. "Executive compensation and environmental performance: Evidence from CEO inside debt," Energy Economics, Elsevier, vol. 116(C).
    4. Ribas, Aline & Lucena, André F.P. & Schaeffer, Roberto, 2017. "Bridging the energy divide and securing higher collective well-being in a climate-constrained world," Energy Policy, Elsevier, vol. 108(C), pages 435-450.
    5. Christos Karydas & Anastasios Xepapadeas, 2019. "Climate change risks: pricing and portfolio allocation," CER-ETH Economics working paper series 19/327, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    6. Drago, Carlo & Gatto, Andrea, 2022. "Policy, regulation effectiveness, and sustainability in the energy sector: A worldwide interval-based composite indicator," Energy Policy, Elsevier, vol. 167(C).
    7. Mattauch, Linus & Hepburn, Cameron & Millar, Richard & van der Ploeg, Frederick & Rezai, Armon & Schultes, Anselm & Venmans, Frank & Bauer, Nico & Dietz, Simon & Edenhofer, Ottmar & Farrell, Niall & L, 2018. "Steering the climate system: an extended comment," INET Oxford Working Papers 2018-17, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    8. Salman, Muhammad & Long, Xingle & Wang, Guimei & Zha, Donglan, 2022. "Paris climate agreement and global environmental efficiency: New evidence from fuzzy regression discontinuity design," Energy Policy, Elsevier, vol. 168(C).
    9. Manoussi, Vassiliki & Xepapadeas, Anastasios & Emmerling, Johannes, 2018. "Climate engineering under deep uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 94(C), pages 207-224.
    10. Timo Busch & Charles H. Cho & Andreas G. F. Hoepner & Giovanna Michelon & Joeri Rogelj, 2023. "Corporate Greenhouse Gas Emissions’ Data and the Urgent Need for a Science-Led Just Transition: Introduction to a Thematic Symposium," Journal of Business Ethics, Springer, vol. 182(4), pages 897-901, February.
    11. George Economides & Anastasios Xepapadeas, 2018. "Monetary policy under climate change," Working Papers 247, Bank of Greece.
    12. Mark E. Capron & Jim R. Stewart & Antoine de Ramon N’Yeurt & Michael D. Chambers & Jang K. Kim & Charles Yarish & Anthony T. Jones & Reginald B. Blaylock & Scott C. James & Rae Fuhrman & Martin T. She, 2020. "Restoring Pre-Industrial CO 2 Levels While Achieving Sustainable Development Goals," Energies, MDPI, vol. 13(18), pages 1-30, September.
    13. Scoville-Simonds, Morgan & Jamali, Hameed & Hufty, Marc, 2020. "The Hazards of Mainstreaming: Climate change adaptation politics in three dimensions," World Development, Elsevier, vol. 125(C).
    14. Georgios Varvoutis & Athanasios Lampropoulos & Evridiki Mandela & Michalis Konsolakis & George E. Marnellos, 2022. "Recent Advances on CO 2 Mitigation Technologies: On the Role of Hydrogenation Route via Green H 2," Energies, MDPI, vol. 15(13), pages 1-38, June.
    15. Dragomir, Lucian & Dragomir, Robert, 2019. "Climate Change And Its Interaction With Natural, Economic And Social Processes," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 19(2), pages 125-138.
    16. Karydas, Christos & Xepapadeas, Anastasios, 2022. "Climate change financial risks: Implications for asset pricing and interest rates," Journal of Financial Stability, Elsevier, vol. 63(C).
    17. Harald Desing & Rolf Widmer & Didier Beloin-Saint-Pierre & Roland Hischier & Patrick Wäger, 2019. "Powering a Sustainable and Circular Economy—An Engineering Approach to Estimating Renewable Energy Potentials within Earth System Boundaries," Energies, MDPI, vol. 12(24), pages 1-18, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dietz, Simon & Venmans, Frank, 2019. "Cumulative carbon emissions and economic policy: In search of general principles," Journal of Environmental Economics and Management, Elsevier, vol. 96(C), pages 108-129.
    2. Brock, W. A. & Xepapadeas, A., 2015. "Modeling Coupled Climate, Ecosystems, and Economic Systems," Climate Change and Sustainable Development 206837, Fondazione Eni Enrico Mattei (FEEM).
    3. Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-03027150, HAL.
    4. Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Management Science, INFORMS, vol. 63(3), pages 749-765, March.
    5. Tsigaris, Panagiotis & Wood, Joel, 2019. "The potential impacts of climate change on capital in the 21st century," Ecological Economics, Elsevier, vol. 162(C), pages 74-86.
    6. Simon Levin & Anastasios Xepapadeas, 2021. "On the Coevolution of Economic and Ecological Systems," Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 355-377, October.
    7. Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2014. "What Do We Learn from the Weather? The New Climate-Economy Literature," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 740-798, September.
    8. Philippe Aghion & Antoine Dechezleprêtre & David Hémous & Ralf Martin & John Van Reenen, 2016. "Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry," Journal of Political Economy, University of Chicago Press, vol. 124(1), pages 1-51.
    9. Pezzey, John C.V. & Burke, Paul J., 2014. "Towards a more inclusive and precautionary indicator of global sustainability," Ecological Economics, Elsevier, vol. 106(C), pages 141-154.
    10. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    11. Stern, Nicholas, 2014. "Ethics, equity and the economics of climate change paper 2: economics and politics," LSE Research Online Documents on Economics 62704, London School of Economics and Political Science, LSE Library.
    12. Ruda Zhang & Patrick Wingo & Rodrigo Duran & Kelly Rose & Jennifer Bauer & Roger Ghanem, 2020. "Environmental Economics and Uncertainty: Review and a Machine Learning Outlook," Papers 2004.11780, arXiv.org.
    13. Letta, Marco & Montalbano, Pierluigi & Tol, Richard S.J., 2018. "Temperature shocks, short-term growth and poverty thresholds: Evidence from rural Tanzania," World Development, Elsevier, vol. 112(C), pages 13-32.
    14. Ottmar Edenhofer & Susanne Kadner & Christoph von Stechow & Gregor Schwerhoff & Gunnar Luderer, 2014. "Linking climate change mitigation research to sustainable development," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 30, pages 476-499, Edward Elgar Publishing.
    15. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    16. Baldwin, Elizabeth & Cai, Yongyang & Kuralbayeva, Karlygash, 2020. "To build or not to build? Capital stocks and climate policy∗," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
    17. Loïc Berger & Massimo Marinacci, 2020. "Model Uncertainty in Climate Change Economics: A Review and Proposed Framework for Future Research," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(3), pages 475-501, November.
    18. Ciarli, Tommaso & Savona, Maria, 2019. "Modelling the Evolution of Economic Structure and Climate Change: A Review," Ecological Economics, Elsevier, vol. 158(C), pages 51-64.
    19. Mariia Belaia & Michael Funke & Nicole Glanemann, 2017. "Global Warming and a Potential Tipping Point in the Atlantic Thermohaline Circulation: The Role of Risk Aversion," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(1), pages 93-125, May.
    20. Kent D. Daniel & Robert B. Litterman & Gernot Wagner, 2016. "Applying Asset Pricing Theory to Calibrate the Price of Climate Risk," NBER Working Papers 22795, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:climat:v:133:y:2015:i:3:p:361-373. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.