Uncertain impacts on economic growth when stabilizing global temperatures at 1.5°C or 2°C warming
Philosophical transactions. Series A, Mathematical, physical, and engineering sciences Royal Society 376:2119 (2018) 20160460
Abstract:
Empirical evidence suggests that variations in climate affect economic growth across countries over time. However, little is known about the relative impacts of climate change on economic outcomes when global mean surface temperature (GMST) is stabilized at 1.5°C or 2°C warming relative to pre-industrial levels. Here we use a new set of climate simulations under 1.5°C and 2°C warming from the 'Half a degree Additional warming, Prognosis and Projected Impacts' (HAPPI) project to assess changes in economic growth using empirical estimates of climate impacts in a global panel dataset. Panel estimation results that are robust to outliers and breaks suggest that within-year variability of monthly temperatures and precipitation has little effect on economic growth beyond global nonlinear temperature effects. While expected temperature changes under a GMST increase of 1.5°C lead to proportionally higher warming in the Northern Hemisphere, the projected impact on economic growth is larger in the Tropics and Southern Hemisphere. Accounting for econometric estimation and climate uncertainty, the projected impacts on economic growth of 1.5°C warming are close to indistinguishable from current climate conditions, while 2°C warming suggests statistically lower economic growth for a large set of countries (median projected annual growth up to 2% lower). Level projections of gross domestic product (GDP) per capita exhibit high uncertainties, with median projected global average GDP per capita approximately 5% lower at the end of the century under 2°C warming relative to 1.5°C. The correlation between climate-induced reductions in per capita GDP growth and national income levels is significant at the p < 0.001 level, with lower-income countries experiencing greater losses, which may increase economic inequality between countries and is relevant to discussions of loss and damage under the United Nations Framework Convention on Climate Change.This article is part of the theme issue 'The Paris Agreement: understanding the physical and social challenges for a warming world of 1.5°C above pre-industrial levels'.Reply to ‘Interpretations of the Paris climate target’
Nature Geoscience Springer Nature 11:4 (2018) 222-222
Policy instruments for limiting global temperature rise to 1.5°C – can humanity rise to the challenge?
Climate Policy Taylor & Francis 18:3 (2018) 275-286
Framing climate goals in terms of cumulative CO2-forcing-equivalent emissions
Geophysical Research Letters American Geophysical Union 45:6 (2018) 2795-2804
Abstract:
The relationship between cumulative CO2 emissions and CO2-induced warming is determined by the Transient Climate Response to Emissions (TCRE), but total anthropogenic warming also depends on non-CO2 forcing, complicating the interpretation of emissions budgets based on CO2 alone. An alternative is to frame emissions budgets in terms of CO2-forcing-equivalent (CO2-fe) emissions – the CO2 emissions that would yield a given total anthropogenic radiative forcing pathway. Unlike conventional ‘CO2-equivalent’ emissions, these are directly related to warming by the TCRE and need to fall to zero to stabilise warming: hence CO2-fe emissions generalise the concept of a cumulative carbon budget to multi-gas scenarios. Cumulative CO2-fe emissions from 1870-2015 inclusive are found to be 2900 ± 600GtCO2-fe, increasing at a rate of 67 ± 9.5GtCO2-fe/year. A TCRE range of 0.8–2.5° Cper 1,000 GtC implies a total budget for 0.6° C of additional warming above the present decade of 880–2,750 GtCO2-fe, with 1,290 GtCO2-fe implied by the CMIP5 median response, corresponding to 19 years' CO2-fe emissions at the current rate.A large set of potential past, present and future hydro-meteorological time series for the UK
Hydrology and Earth System Sciences European Geosciences Union 22 (2018) 611-634