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Economic quantification of Loss and Damage funding needs
A loss and damage (L&D) fund has been established to support particularly vulnerable develo** countries. L&D funding needs, entitlements and necessary contributions can be quantified using climate economics ...
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Financing negative emissions leads to windfall profits and inequality at net zero
Funding large-scale negative emissions through a carbon market designed for traditional emission reduction strategies risks exacerbating long-term economic inequality. We suggest exploring alternative financin...
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Inequality repercussions of financing negative emissions
Negative emissions technologies are attracting the interest of investors in the race to make them effective and profitable. When deployed at scale, they will be financed through public funds, reducing the fisc...
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Open AccessSRM on the table: the role of geoengineering for the stability and effectiveness of climate coalitions
Geoengineering, including solar radiation management (SRM), has received increasing scrutiny due to the rise of climate extremes and slow progress in mitigating global carbon emissions. This climate policy opt...
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Open AccessA research and development investment strategy to achieve the Paris climate agreement
Climate stabilization requires the deployment of several low-carbon options, some of which are still not available at large scale or are too costly. Governments will have to make important decisions on how to ...
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Using large ensembles of climate change mitigation scenarios for robust insights
As they gain new users, climate change mitigation scenarios are playing an increasing role in transitions to net zero. One promising practice is the analysis of scenario ensembles. Here we argue that this prac...
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Forward-Looking Belief Elicitation Enhances Intergenerational Beneficence
One of the challenges in managing the Earth’s common pool resources, such as a livable climate or the supply of safe drinking water, is to motivate successive generations to make the costly effort not to deple...
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A randomized trial of energy cost information provision alongside energy-efficiency classes for refrigerator purchases
Energy-efficiency classes provide coarse but easy-to-process information designed to help complex decisions. However, they are multi-attribute indices, imprecisely related to the running costs of graded produc...
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Publisher Correction: The cost of mitigation revisited
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Open AccessAuthor Correction: Global roll-out of comprehensive policy measures may aid in bridging emissions gap
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Cost and attainability of meeting stringent climate targets without overshoot
Global emissions scenarios play a critical role in the assessment of strategies to mitigate climate change. The current scenarios, however, are criticized because they feature strategies with pronounced oversh...
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The cost of mitigation revisited
Estimates of economic implications of climate policy are important inputs into policy-making. Despite care to contextualize quantitative assessments of mitigation costs, one strong view outside academic climat...
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Net zero-emission pathways reduce the physical and economic risks of climate change
Mitigation pathways exploring end-of-century temperature targets often entail temperature overshoot. Little is known about the additional climate risks generated by overshooting temperature. Here we assessed t...
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Open AccessGlobal roll-out of comprehensive policy measures may aid in bridging emissions gap
Closing the emissions gap between Nationally Determined Contributions (NDCs) and the global emissions levels needed to achieve the Paris Agreement’s climate goals will require a comprehensive package of policy...
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Integrated perspective on translating biophysical to economic impacts of climate change
Estimates of climate change’s economic impacts vary widely, depending on the applied methodology. This uncertainty is a barrier for policymakers seeking to quantify the benefits of mitigation. In this Perspect...
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Open AccessPersistent inequality in economically optimal climate policies
Benefit-cost analyses of climate policies by integrated assessment models have generated conflicting assessments. Two critical issues affecting social welfare are regional heterogeneity and inequality. These h...
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Real-time feedback on electricity consumption: evidence from a field experiment in Italy
Smart meters can help citizens in optimizing energy consumption patterns. However, mixed evidence exists on their effectiveness in reducing energy demand and especially in levelling off the daily peaks of elec...
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Combining information on others’ energy usage and their approval of energy conservation promotes energy saving behaviour
Households reduced their electricity use the most when they learnt both that they were using more energy than their neighbours and that energy conservation was socially approved. This suggests that efforts to ...
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The interaction of descriptive and injunctive social norms in promoting energy conservation
Behavioural interventions that leverage social norms are widely used to foster energy conservation. For instance, home energy reports combine information on others’ behaviour (descriptive feedback) and approva...
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Open AccessReply to “High energy and materials requirement for direct air capture calls for further analysis and R&D”