DICE Model Reassessment: Summary and key findings from first phase of analysis
This working paper analysis, developed by Dr. Robert Repetto and Dr. Robert Easton, analyzed the most prominent climate economics assessment model (DICE), and found that recent estimates used by the U.S. and others prove to be too pessimistic about the ability to balance efforts to fight climate change while maintaining economic growth.
The analysis reveals that if major emitting nations, such as the USA, adopt efficient policies to reduce emissions, world output over the period 2010-2050 would expand at 2.28% percent per year and warming would stabilize below a 2 degree increase. That is virtually the same rate, 2.31% per year, at which GDP would grow if global warming were not kept to safe limits. However, in the more protective scenario, emissions per unit of output would decline more than twice as rapidly.
You might also be interested in
What Will Happen at COP 29?
Talks at the 2024 UN Climate Change Conference (COP 29) will range from defining a way forward on finance through a new collective quantified goal (NCQG) to mitigation, and loss and damage. Ahead of negotiations in Baku, IISD’s Earth Negotiations Bulletin Team Lead Jennifer Bansard examines the agenda and breaks down what to watch as eyes turn to Azerbaijan.
COP 29 Outcome Moves Needle on Finance
In the last hours of negotiations, concerted pressure from the most vulnerable developing countries resulted in an improved outcome on the finance target, with a decision to set a goal of at least USD 300 billion per year by 2035 for developing countries to advance their climate action.
November 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In October 2024, 20 oil and gas exploration licences were awarded across three countries, with a significant portion granted by Brazil.
Coalition against fossil fuel subsidies expands but misses initial targets
The UK, Colombia, and New Zealand have signed on to a coalition of governments aiming to phase out fossil fuel subsidies, joining 13 other mainly European nations in the alliance. IISD's Vance Culbert said that half a dozen more countries—including "a few larger economy developing countries"—are talking privately to them about joining too.