CO2 emission mitigation and fossil fuel markets: Dynamic and international aspects of climate policies
- Nico Bauer
- Meriem Hamdi Cherif
- Alban Kitous
- David McCollum
- Aurélie Méjean
- Shilpa Rao
- Hal Turton
- Leonidas Paroussos
- Shuichi Ashina
- Katherine Calvin
- Kenichi Wada
- Detlef van Vuuren
- BOSETTI, VALENTINA
DOIAbstract
Large share of coal reserve is not used to achieve climate stabilization • Oil and gas consumption still largely exceed conventional reserves • Relaxed short term emission targets strongly distort fossil energy markets. • Carbon leakage is highly uncertain and depends on fossil energy markets. • Carbon leakage rates can turn negative due to fossil fuel trade and substitution effects
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