Consequences of future climate policy: Regional economies, financial markets, and the direction of innovation
With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended...
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ftzbwkiel:oai:econstor.eu:10419/234463 2023-12-24T10:14:25+01:00 Consequences of future climate policy: Regional economies, financial markets, and the direction of innovation von Schickfus, Marie-Theres 2021 http://hdl.handle.net/10419/234463 eng eng München: ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München Series: ifo Beiträge zur Wirtschaftsforschung No. 95 urn:isbn:978-3-95942-096-9 gbv-ppn:1759192368 http://hdl.handle.net/10419/234463 http://www.econstor.eu/dspace/Nutzungsbedingungen ddc:330 C67 G14 G23 O34 Q35 Q38 Q43 Q55 R15 Stranded assets climate policy expectations utilities event study green innovation patents panel analysis green finance climate risk intangible assets institutional investors renewable energy crowding-out regional economics input-output ana doc-type:report 2021 ftzbwkiel 2023-11-27T00:44:09Z With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended Nationally Determined Contributions" (INDCs) where they specified their national emission reduction goals and pathways to achieve them. However, the INDCs submitted for the Paris Agreement "imply a median warming of 2.6-3.1 degrees Celsius by 2100" (Rogelj et al. 2016). A temperature increase by 2 C would already carry a very high risk for systems such as the Arctic sea ice and coral reefs. For a warming of 3 C above pre-industrial levels though, we are expected to face extensive losses of biodiversity and ecosystems; accelerated economic damages; and a high risk for abrupt and irreversible changes ("tipping points"), such as the melting of the Greenland ice sheet and the accompanying sea level rise (IPCC 2014b). Report Arctic Climate change Global warming Greenland Ice Sheet Sea ice EconStor (German National Library of Economics, ZBW) Arctic Greenland |
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EconStor (German National Library of Economics, ZBW) |
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English |
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ddc:330 C67 G14 G23 O34 Q35 Q38 Q43 Q55 R15 Stranded assets climate policy expectations utilities event study green innovation patents panel analysis green finance climate risk intangible assets institutional investors renewable energy crowding-out regional economics input-output ana |
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ddc:330 C67 G14 G23 O34 Q35 Q38 Q43 Q55 R15 Stranded assets climate policy expectations utilities event study green innovation patents panel analysis green finance climate risk intangible assets institutional investors renewable energy crowding-out regional economics input-output ana von Schickfus, Marie-Theres Consequences of future climate policy: Regional economies, financial markets, and the direction of innovation |
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ddc:330 C67 G14 G23 O34 Q35 Q38 Q43 Q55 R15 Stranded assets climate policy expectations utilities event study green innovation patents panel analysis green finance climate risk intangible assets institutional investors renewable energy crowding-out regional economics input-output ana |
description |
With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended Nationally Determined Contributions" (INDCs) where they specified their national emission reduction goals and pathways to achieve them. However, the INDCs submitted for the Paris Agreement "imply a median warming of 2.6-3.1 degrees Celsius by 2100" (Rogelj et al. 2016). A temperature increase by 2 C would already carry a very high risk for systems such as the Arctic sea ice and coral reefs. For a warming of 3 C above pre-industrial levels though, we are expected to face extensive losses of biodiversity and ecosystems; accelerated economic damages; and a high risk for abrupt and irreversible changes ("tipping points"), such as the melting of the Greenland ice sheet and the accompanying sea level rise (IPCC 2014b). |
format |
Report |
author |
von Schickfus, Marie-Theres |
author_facet |
von Schickfus, Marie-Theres |
author_sort |
von Schickfus, Marie-Theres |
title |
Consequences of future climate policy: Regional economies, financial markets, and the direction of innovation |
title_short |
Consequences of future climate policy: Regional economies, financial markets, and the direction of innovation |
title_full |
Consequences of future climate policy: Regional economies, financial markets, and the direction of innovation |
title_fullStr |
Consequences of future climate policy: Regional economies, financial markets, and the direction of innovation |
title_full_unstemmed |
Consequences of future climate policy: Regional economies, financial markets, and the direction of innovation |
title_sort |
consequences of future climate policy: regional economies, financial markets, and the direction of innovation |
publisher |
München: ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München |
publishDate |
2021 |
url |
http://hdl.handle.net/10419/234463 |
geographic |
Arctic Greenland |
geographic_facet |
Arctic Greenland |
genre |
Arctic Climate change Global warming Greenland Ice Sheet Sea ice |
genre_facet |
Arctic Climate change Global warming Greenland Ice Sheet Sea ice |
op_relation |
Series: ifo Beiträge zur Wirtschaftsforschung No. 95 urn:isbn:978-3-95942-096-9 gbv-ppn:1759192368 http://hdl.handle.net/10419/234463 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
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1786193824443269120 |