A COMPARISON OF LOW CARBON INVESTMENT NEEDS BETWEEN CHINA AND EUROPE IN STRINGENT CLIMATE POLICY SCENARIOS

Payne Fellow Keywan Riahi writes about the radical change in recent global climate governance that calls for China and Europe to ramp up their efforts in leading the world to reach the long-term climate goals. By analyzing the results from the state-of-the-art global integrated assessment model, MESSAGEix-GLOBIOM, this paper aims to understand the future levels of financial investment needed for building and maintaining energy-related infrastructure in the two regions for fulfilling stringent targets consistent with ‘well below 2 °C’. May 13, 2019.