Fay, Marianne,

Decarbonizing development : three steps to a zero-carbon future / Marianne Fay, Stephane Hallegatte, Adrien Vogt-Schilb, Julie Rozenberg, Ulf Narloch, Tom Kerr. - xv, 164 pages : color illustrations ; 26 cm. - Climate change and development series . - Climate change and development series. .

Includes bibliographical references.

Machine generated contents note: Overview
Planning for a Low-Carbon Future: What We Need to Do Now Depends on the End Goal
Enabling the Transition with a Policy Package That Is Efficient, Acceptable, and Credible
Managing the Transition: Protecting Poor People and Avoiding the Potential Pitfalls of Reforms
In Conclusion
References
pt. I Planning for a Low-Carbon Future: What to Do Now Depends on the End Goal
1.Reducing Carbon Emissions to Zero
Stabilizing the Climate Requires Zero Net Emissions
Zero Net Emissions Requires Action on Four Fronts
Notes
2.Acting Sooner Rather than Later
Feasible Really Means Cost-Effective
Cost-Effectiveness Requires Early Action
The Costs of Early Action Should Be Modest
Early Action Paths Are Prudent
3.Planning Ahead with an Eye on the End Goal
Factor in Uncertainty, Disagreement, and Multiple Objectives
Focus on What Is Urgent and Carries Co-Benefits
Contents note continued: Build Sectoral Pathways to Carbon Neutrality
Annex 3A Tools to Develop Sectoral Pathways to Zero Emissions
pt. II Enabling a Low-Carbon Transition: Prices and More
4.Getting Prices Right
A Necessary Step: Removing Fossil-Fuel Subsidies
The Economics of Carbon Prices
-Pretty Straightforward
5.Building Policy Packages That Are Acceptable, Credible, and Effective
Ensuring the Needed Technologies Are Available and Affordable
Ensuring the Needed Infrastructure Is in Place
Tackling Other Factors
-Such as Behavior
-That Reduce the Impact of Price Incentives
6.Getting the Finance Flowing
Growing the Pie
Greening the Pie
pt. III Managing the Transition: Protecting the Poor and Avoiding the Potential Pitfalls of Reforms
7.Ensuring the Poor Benefit
Direct Distributional Impacts of Right Pricing
-Possibly Positive?
Contents note continued: Revenue Recycling Enables Redistribution and Allows for Pro-Poor Climate Policies
Managing Perceived Impacts
Land-Use-Based Mitigation
-Impacts Depend on Design
8.Smoothing the Transition to Make It Happen
Managing Concentrated Losses
Managing the Fears of Competitiveness Loss
Managing the Risk of Government Failures
Notes.

The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies.

9781464804793 (pbk.) 1464804796

2015458779


Carbon dioxide mitigation.
Economic development--Environmental aspects.
Atmospheric carbon dioxide--Environmental aspects.
Carbon--Environmental aspects.
Fossil fuels--Environmental aspects.
Sustainable development.
Climatic changes.
Global warming.
Greenhouse gas mitigation.
Climate change mitigation.

363.738746 FAY / 009033
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