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Decarbonizing Development : Three Steps to a Zero-Carbon Future

The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. And this must be done by 2100 if we are to keep climate change anywhere near the 2 C. degree warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development looks at w...

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Bibliographic Details
Main Authors: Fay, Marianne, Hallegatte, Stephane, Vogt-Schilb, Adrien, Rozenberg, Julie, Narloch, Ulf, Kerr, Tom
Language:en_US
Published: Washington, DC: World Bank 2015
Subjects:
Carbon emissions
Carbon price
Climate mitigation
climate policy
Green finance
Green growth
Green innovation
Infrastructure
Stranded assets
Zero carbon
Online Access:http://hdl.handle.net/10986/21842
Description
Summary:The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. And this must be done by 2100 if we are to keep climate change anywhere near the 2 C. degree warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries’ broader development goals. It argues that the following are needed: Act early with an eye on the end-goal; Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors; Mind the political economy and smooth the transition for those who stand to be most affected.

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