The COVID-19 effect on the Paris agreement

Author:

Reilly John M.ORCID,Chen Y.-H. HenryORCID,Jacoby Henry D.ORCID

Abstract

AbstractThe pandemic and efforts to control it are causing sharp reductions in global economic activity and associated fossil energy use, with unknown influence on longer-term efforts to limit greenhouse gas emissions under the Paris Climate Agreement. To explore this effect, estimates of economic recession and recovery in near-term months are extended to cover a return to full employment in future years, to be compared with an estimate of growth had COVID-19 not occurred. On the assumption that the Paris emissions pledges for 2020 will be met in any case, projection of global emissions with and without the pandemic show that, through its growth impact alone, it will yield only a small effect on emissions in 2030 and beyond. Other COVID legacies may include residual influences in patterns of consumption and travel, and the direction of recovery funds to low carbon investments. Most important, however, will be the effect of the economic shocks on the willingness of nations to meet (or augment) their existing Paris emissions pledges. The main effect of the pandemic on the threat of climate change, therefore, will be not its growth impact but its influence on national commitments to action.

Publisher

Springer Science and Business Media LLC

Subject

General Economics, Econometrics and Finance,General Psychology,General Social Sciences,General Arts and Humanities,General Business, Management and Accounting

Reference12 articles.

1. Chen Y-H, Paltsev S, Reilly JM, Morris JF, Babiker MH (2016) Long-term economic modeling for climate change assessment. Econ Model 52(B):867–883

2. Engen EM, Skinner J (1996) Taxation and economic growth, NBER Working Paper No. 5826 (November)

3. Fitch Ratings (2020) Global GDP forecast stable as coronavirus disruption eases, 29 June. https://www.fitchratings.com/research/sovereigns/global-gdp-forecast-stable-as-coronavirus-disruption-eases-29-06-2020. Accessed 10 Dec 2020

4. The Guardian (2020) China pledges to become carbon neutral before 2060. https://www.theguardian.com/environment/2020/sep/22/china-pledges-to-reach-carbon-neutrality-before-2060. Accessed 8 Oct 2020

5. Hanna R, Yu Y, Victor D (2020) After COVID-19, green investment must deliver jobs to get political traction. Nature 582:178–189

Cited by 25 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3