IDEAS home Printed from https://ideas.repec.org/a/spr/climat/v176y2023i9d10.1007_s10584-023-03587-0.html
   My bibliography  Save this article

Assessing the remaining carbon budget through the lens of policy-driven acidification and temperature targets

Author

Listed:
  • Sandy Avrutin

    (University of Southampton)

  • Philip Goodwin

    (University of Southampton)

  • Thomas H. G. Ezard

    (University of Southampton)

Abstract

Basing a remaining carbon budget on warming targets is subject to uncertainty due to uncertainty in the relationship between carbon emissions and warming. Framing emissions targets using a warming target therefore may not prevent dangerous change throughout the entire Earth system. Here, we use a climate emulator to constrain a remaining carbon budget that is more representative of the entire Earth system by using a combination of both warming and ocean acidification targets. The warming targets considered are the Paris Agreement targets of 1.5 and 2 °C; the acidification targets are −0.17 and −0.21 pH units, informed by aragonite saturation states where coral growth begins to be compromised. The aim of the dual targets is to prevent not only damage associated with warming, but damage to corals associated with atmospheric carbon and ocean acidification. We find that considering acidification targets in conjunction with warming targets narrows the uncertainty in the remaining carbon budget, especially in situations where the acidification target is more stringent than, or of similar stringency to, the warming target. Considering a strict combination of the two more stringent targets (both targets of 1.5 °C warming and −0.17 acidification must be met), the carbon budget ranges from −74.0 to 129.8PgC. This reduces uncertainty in the carbon budget from by 29% (from 286.2PgC to 203.8PgC). This reduction comes from reducing the high-end estimate of the remaining carbon budget derived from just a warming target. Assuming an emissions rate held constant since 2021 (which is a conservative assumption), the budget towards both targets was either spent by 2019 or will be spent by 2026. Plain language summary The relationship between atmospheric CO2 and warming is uncertain, which means that we do not know precisely how much carbon we have left to emit until we reach the Paris Agreement warming targets of 1.5 and 2 °C. However, the relationship between atmospheric CO2 and ocean acidification is better understood, so by considering targets for acidification rather than warming alone, we can narrow down our estimate of how much emitted carbon is acceptable. Including acidification targets as well as warming targets means that we can directly address the issue of ocean acidification, which poses a threat to corals and the ecosystems reliant on them. By considering acidification and warming targets together, we can lower uncertainty in acceptable carbon emissions by 29%.

Suggested Citation

  • Sandy Avrutin & Philip Goodwin & Thomas H. G. Ezard, 2023. "Assessing the remaining carbon budget through the lens of policy-driven acidification and temperature targets," Climatic Change, Springer, vol. 176(9), pages 1-18, September.
  • Handle: RePEc:spr:climat:v:176:y:2023:i:9:d:10.1007_s10584-023-03587-0
    DOI: 10.1007/s10584-023-03587-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10584-023-03587-0
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s10584-023-03587-0?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. Joeri Rogelj & Piers M. Forster & Elmar Kriegler & Christopher J. Smith & Roland Séférian, 2019. "Estimating and tracking the remaining carbon budget for stringent climate targets," Nature, Nature, vol. 571(7765), pages 335-342, July.
    2. Joeri Rogelj & Michiel Schaeffer & Pierre Friedlingstein & Nathan P. Gillett & Detlef P. van Vuuren & Keywan Riahi & Myles Allen & Reto Knutti, 2016. "Differences between carbon budget estimates unravelled," Nature Climate Change, Nature, vol. 6(3), pages 245-252, March.
    3. Claudine Hauri & Tobias Friedrich & Axel Timmermann, 2016. "Abrupt onset and prolongation of aragonite undersaturation events in the Southern Ocean," Nature Climate Change, Nature, vol. 6(2), pages 172-176, February.
    4. 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.
    5. John F Bruno & Elizabeth R Selig, 2007. "Regional Decline of Coral Cover in the Indo-Pacific: Timing, Extent, and Subregional Comparisons," PLOS ONE, Public Library of Science, vol. 2(8), pages 1-8, August.
    6. Myles R. Allen & David J. Frame & Chris Huntingford & Chris D. Jones & Jason A. Lowe & Malte Meinshausen & Nicolai Meinshausen, 2009. "Warming caused by cumulative carbon emissions towards the trillionth tonne," Nature, Nature, vol. 458(7242), pages 1163-1166, April.
    7. Ellycia R. Harrould-Kolieb & Doroth�e Herr, 2012. "Ocean acidification and climate change: synergies and challenges of addressing both under the UNFCCC," Climate Policy, Taylor & Francis Journals, vol. 12(3), pages 378-389, May.
    8. Sonia I. Seneviratne & Markus G. Donat & Andy J. Pitman & Reto Knutti & Robert L. Wilby, 2016. "Allowable CO2 emissions based on regional and impact-related climate targets," Nature, Nature, vol. 529(7587), pages 477-483, January.
    9. Marco Steinacher & Fortunat Joos & Thomas F. Stocker, 2013. "Allowable carbon emissions lowered by multiple climate targets," Nature, Nature, vol. 499(7457), pages 197-201, July.
    10. Joeri Rogelj & Alexander Popp & Katherine V. Calvin & Gunnar Luderer & Johannes Emmerling & David Gernaat & Shinichiro Fujimori & Jessica Strefler & Tomoko Hasegawa & Giacomo Marangoni & Volker Krey &, 2018. "Scenarios towards limiting global mean temperature increase below 1.5 °C," Nature Climate Change, Nature, vol. 8(4), pages 325-332, April.
    Full references (including those not matched with items on IDEAS)

    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. Renaud Coulomb & Oskar Lecuyer & Adrien Vogt-Schilb, 2019. "Optimal Transition from Coal to Gas and Renewable Power Under Capacity Constraints and Adjustment Costs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(2), pages 557-590, June.
    2. Yang Ou & Christopher Roney & Jameel Alsalam & Katherine Calvin & Jared Creason & Jae Edmonds & Allen A. Fawcett & Page Kyle & Kanishka Narayan & Patrick O’Rourke & Pralit Patel & Shaun Ragnauth & Ste, 2021. "Deep mitigation of CO2 and non-CO2 greenhouse gases toward 1.5 °C and 2 °C futures," Nature Communications, Nature, vol. 12(1), pages 1-9, December.
    3. Oskar Lecuyer & Adrien Vogt-Schilb, 2013. "Assessing and ordering investments in polluting fossil-fueled and zero-carbon capital," CIRED Working Papers hal-00850680, HAL.
    4. Peter M. Cox & Mark S. Williamson & Pierre Friedlingstein & Chris D. Jones & Nina Raoult & Joeri Rogelj & Rebecca M. Varney, 2024. "Emergent constraints on carbon budgets as a function of global warming," Nature Communications, Nature, vol. 15(1), pages 1-9, December.
    5. Napp, T.A. & Few, S. & Sood, A. & Bernie, D. & Hawkes, A. & Gambhir, A., 2019. "The role of advanced demand-sector technologies and energy demand reduction in achieving ambitious carbon budgets," Applied Energy, Elsevier, vol. 238(C), pages 351-367.
    6. Lorenzo Pellegrini & Murat Arsel & Gorka Muñoa & Guillem Rius-Taberner & Carlos Mena & Martí Orta-Martínez, 2024. "The atlas of unburnable oil for supply-side climate policies," Nature Communications, Nature, vol. 15(1), pages 1-13, December.
    7. van den Bijgaart, Inge & Rodriguez, Mauricio, 2023. "Closing wells: Fossil development and abandonment in the energy transition," Resource and Energy Economics, Elsevier, vol. 74(C).
    8. Dietz, Simon & Gollier, Christian & Kessler, Louise, 2018. "The climate beta," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 258-274.
    9. Gustav Engström & Johan Gars, 2016. "Climatic Tipping Points and Optimal Fossil-Fuel Use," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(3), pages 541-571, November.
    10. Adam Michael Bauer & Cristian Proistosescu & Gernot Wagner, 2023. "Carbon Dioxide as a Risky Asset," CESifo Working Paper Series 10278, CESifo.
    11. 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.
    12. Carl-Friedrich Schleussner & Joeri Rogelj & Michiel Schaeffer & Tabea Lissner & Rachel Licker & Erich M. Fischer & Reto Knutti & Anders Levermann & Katja Frieler & William Hare, 2016. "Science and policy characteristics of the Paris Agreement temperature goal," Nature Climate Change, Nature, vol. 6(9), pages 827-835, September.
    13. Francesco Lamperti & Valentina Bosetti & Andrea Roventini & Massimo Tavoni, 2019. "The public costs of climate-induced financial instability," Nature Climate Change, Nature, vol. 9(11), pages 829-833, November.
    14. 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.
    15. Christoph Hambel & Holger Kraft & Frederick van der Ploeg, 2024. "Asset Diversification Versus Climate Action," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1323-1355, August.
    16. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    17. Vogt-Schilb, Adrien & Meunier, Guy & Hallegatte, Stéphane, 2018. "When starting with the most expensive option makes sense: Optimal timing, cost and sectoral allocation of abatement investment," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 210-233.
    18. Olayinka Oyekola & Lotanna E. Emediegwu & Jubril Olayinka Animashaun, 2023. "Commodity windfalls, political regimes, and environmental quality," Discussion Papers 2306, University of Exeter, Department of Economics.
    19. Ha, Yuejiao & Teng, Fei, 2013. "Midway toward the 2 degree target: Adequacy and fairness of the Cancún pledges," Applied Energy, Elsevier, vol. 112(C), pages 856-865.

    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:176:y:2023:i:9:d:10.1007_s10584-023-03587-0. 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.