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Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute of Innovative Technology for the Earth (RITE) (Guest Professor, the University of Tokyo) (LA of IPCC WGIII AR5, Chapter 6)
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Page 1: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

Emission Pathways, Mitigation Costs and the Economic Impacts

IPCC WG3 Symposium September 8, 2014

Keigo Akimoto Research Institute of Innovative Technology for the Earth (RITE) (Guest Professor, the University of Tokyo) (LA of IPCC WGIII AR5, Chapter 6)

Page 2: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

Long-term Emission Pathways

Page 3: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

3 Baseline Emissions

- The median estimate of baseline CO2 emissions is around 80 GtCO2 in 2100, of which is more than twice the current level, and smaller and larger than those in RCP6.0 and RCP8.5, respectively. (RCP: Representative Concentration Pathway) - The emission of OECD1990 almost keeps the current level during the 21st century, but the emission of non-OECD1990 increases drastically.

Figure 6.4

Page 4: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

4

Atmospheric GHG Concentration, Emission Reduction in 2050, and Expected Temperature Increase

(based on AR5 Table SPM.1, Table 6.3)

Category by concentration in 2100 (ppm CO2eq)

Sub-category RCPs

Global GHG emissions in 2050 (relative to 2010)

Temperature in 2100 (°C, relative to 1850-1900)

Probability of exceeding the temperature rise over 21st century (relative to 1850-1900) 1.5 °C 2.0 °C 3.0 °C

450 (430-480) ― RCP2.6 -72−-41% 1.5−1.7°C (1.0−2.8) 49-86% 12-37% 1-3%

500 (480-530)

No exceedance of 530 ppm CO2eq

-57−-42% 1.7−1.9°C (1.2−2.9) 80-87% 32-40% 3-4%

Exceedance of 530 ppm CO2eq -55−-25% 1.8−2.0°C

(1.2−3.3) 88-96% 39-61% 4-10%

550 (530-580)

No exceedance of 580 ppm CO2eq

-47−-19% 2.0−2.2°C (1.4−3.6) 93-95% 54-70% 8-13%

Exceedance of 580 ppm CO2eq -16−+7% 2.1−2.3°C

(1.4−3.6) 95-99% 66-84% 8-19%

(580-650) ― RCP4.5

-38−+24% 2.3−2.6°C (1.5−4.2)

96-100% 74-93% 14-35%

(650-720) ― -11−+17% 2.6−2.9°C (1.8−4.5)

99-100% 88-95% 26-43%

(720-1000) ― RCP6.0 +18−+54% 3.1−3.7°C (2.1−5.8)

100-100%

97-100% 55-83%

>1000 ― RCP8.5 +52−+95% 4.1−4.8°C (2.8−7.8)

100-100%

100-100% 92-98%

Page 5: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

5

Global Mean Temperature Change of Different Scenario Categories

Not only 430-480 ppm CO2eq, but also 480-530 ppm CO2eq scenarios also expect 2 °C increase with the chance larger than 50%.

As climate sensitivity has a large uncertainty range, there is a considerable chance to meet below +2 °C even under 530-580 ppm CO2eq scenarios.

Figure 6.13

Page 6: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

6 Scenarios with Overshoot of Temperature

? ?

??

- Scenarios with overshoot of atmospheric CO2 concentration and of temperature were assessed in AR5 as well as concentration stabilization scenarios particularly for tight temperature increase scenarios. - High increase of actual global emissions after 2000 and “political” deep emission reduction targets such as +2 °C target, combined together, induced to generate such overshoot scenarios to solve both two inconsistent conditions.

Figure 6.13

Page 7: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

7 Emissions by Sector for 430-480 ppm

- Negative emissions in electricity are required for 450 (430-530) ppm CO2eq scenarios after 2050 by large use of BECCS. - When CCS including BECCS is unavailable, large scale of afforestation is required. - In both cases, the impacts on food prices through land conflict cause concern.

Page 8: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

8

Forth Assessment Report (AR4) 450 ppm CO2eq stabilization scenarios (best estimate of climate sensitivity)

Fifth Assessment Report (AR5) Only the scenarios of 450 ppm CO2eq in 2100

Fifth Assessment Report (AR5) About 50% for expecting below 2 °C (including 500 ppm CO2eq scenarios)

Relative to 2000 -50% to -85% -26 to -65% -6% to -65%

Relative to 2010 -60% to -88% -41% to -72% -25% to -72%

Global GHG Emissions in 2050 − Comparison with AR4 and AR5 −

・According to the assessments of AR5, the required level of global GHG emission reduction in 2050 for the 2 °C goal should be considered to be more flexible than the AR4 implication. For example, the levels are between -26% and -6% relative to 2000. ・They correspond to the level of -41 to -25% relative to 2010.

Required emission reduction ratio in 2050 for below 2 °C relative to preindustrial level

Page 9: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

♦ Global GHG emissions in baseline will continue to increase during this century, and the deep emission reductions are surely required.

♦ A lot of emission scenarios (over 1000 scenarios) were gathered from several scientific communities in the world for the AR5.

♦ According to the gathered scenarios, there are considerable flexibilities in the long-term pathways to meet the 2°C goal, such as overshoots of atmospheric GHG concentration and of temperature change, probabilities below the target level to be achieved (e.g., >50% or >66%).

♦ Consequently, the required global GHG emission reductions by 2050 have wider ranges than those provided in the AR4.

9 Lessons from the Long-term Scenarios of AR5

Page 10: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

Mitigation Costs and the Economic Impacts

Page 11: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

11 Marginal and Average Abatement Costs

Around 100-300$/tCO2 Around 1000-3000$/tCO2 430-530 ppm CO2eq

- The global CO2 marginal abatement costs (Carbon prices) for 430-530 ppm CO2eq in 2050 and 2100 are about 100−300 $/tCO2 (25-75 percentile) and about 1000−3000 $/tCO2, respectively. - It will be very challenging to achieve such deep levels of emission reductions. Carbon pricing policies particularly explicit carbon pricing will not work for such high prices.

Page 12: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

12 Consumption and GDP Losses

- GDP loss is about 4-10% (median: about 5%) of baseline GDP for 430-530 ppm in 2100. - We should recognize that about 5% of GDP is not small by any means. The GDP of Africa in 2010 is about 2.4% of the global GDP. According to the outlook by RITE, the GDP of Africa in 2050 is still about 5% of the global GDP.

Page 13: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

13

Cost Increase in the Scenarios with Limited Availability of Technologies

- Some of the models estimated that it is impossible to achieve the GHG concentration at 450 ppm CO2eq in 2100 when one of the key technologies are unavailable. - The cost increase in the case without CCS is estimated to be about +29 to +297% (median: +138%) by a limited number of models which had the feasible solutions. The cost increases in the cases of nuclear phase-out and limited solar/wind are about +7% and +6%, respectively (for the median).

Figure 6.24

Page 14: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

For Sustainable Measures toward Deep Emission Cuts

(Innovative Technologies Required)

Page 15: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

15 RITE ALPS GHG Emission Scenarios

Note: CO2 emissions including those from industrial processes and LULUCF RCP: Representative Concentration Pathway ALPS: ALternative Pathways toward Sustainable development and climate stabilization

0

20

40

60

80

100

120

14019

90

2010

2030

2050

2070

2090

2110

2130

2150

GH

G e

mis

sion

(GtC

O2e

q/yr

)

ALPS A-Baseline

ALPS A-CP6.0

ALPS A-CP4.5

ALPS A-CP3.7

ALPS A-CP3.0

RCP8.5

RCP6.0

RCP4.5

RCP3PD(2.6)

Page 16: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

0

100

200

300

400

500

600

2000 2020 2040 2060 2080 2100

CO

2m

argi

nal a

bate

men

t cos

t ($/

tCO

2)

ALPS A-CP6.0

ALPS A-CP4.5

ALPS A-CP3.7

ALPS A-CP3.0

IEA WEO2011 New Policy (EU)

IEA WEO2011 450 (US)

16

CO2 Marginal Abatement Cost for Different Stabilization Levels

High marginal abatement costs are estimated after 2040 particularly for the 450 ppm CO2eq. (CP3.0) scenario, like the result of the AR5, even if all the countries make the coordinated efforts (uniform marginal abatement cost) and the least cost mitigation measures are adopted.

Temperature change relative to 1990

3.3°C

2.8°C

2.3°C

1.9°C

Baseline: 4.1°C

Equilibrium Climate Sensitivity: 3.0 °C

プレゼンター
プレゼンテーションのノート
Expected CO2 marginal abatement cost for different stabilization levels are shown here. High marginal abatement costs are estimated after 2040 particularly for stabilizing at 450 ppm CO2eq. (CP3.0), even if uniform marginal abatement cost among all the countries are assumed and the least cost mitigation measures are achieved.
Page 17: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

Image of Standard Scenarios for Deep Cuts 17

CO2 emission

Carbon price

Baseline scenario

Intervention scenario

Carbon price/ Marginal abatement cost

This situations cannot be expected in a real world. Particularly explicit high carbon prices (e.g., over 100$/tCO2) in real price are unacceptable.

Page 18: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

Possible Deep Cuts Scenario in a Real World 18

Mitigation measures avoiding high explicit carbon prices and technological and social innovations inducing low carbon prices are key for deep emission cuts.

CO2 emission

Carbon price

Baseline scenario

Intervention scenario

Carbon price (inc. implicit carbon price)/ Marginal abatement cost

Achieved by technological and social innovations

Page 19: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

For Sustainable Measures from the Viewpoint of Equitable Mitigation Costs across Regions/Countries

Page 20: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

♦ The mitigation costs summarized in the AR5 which were shown in the previous slides were estimated under basically the assumption of the least cost measures, that means the equal marginal abatement costs across countries were assumed.

♦ When the emission reduction measures with different marginal abatement costs across countries are implemented, the mitigation costs will be larger than those shown in AR5.

♦ Equitable efforts across countries will be required for achieving deep emission reductions with smaller mitigation costs in the world.

20 Mitigation Costs across Countries

Page 21: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

Energy efficiency comparison for major energy-intensive sectors 21

Coal power

25

27

29

31

33

35

37

39

41

43

1990 1995 2000 2005 2010

Effic

ienc

y (%

)

China

US

India

Japan

Germany

South Africa

Korea

Russia

EU (27)

World

Source) RITE, 2014 based on IEA, 2013

23.1 23.5

25.9

28.327.7 28.1

28.9 29.130.0

33.134.5

22.923.8

25.726.8

27.7 28.2 28.3 28.3

30.331.1

33.2

10

15

20

25

30

35

Japan Korea Germany China France UK India Brazil US Russia Ukraine

Prim

ary

ener

gy c

onsu

mpt

ion

of B

OF

stee

l (G

J/to

n of

cru

de s

teel

)

2005 2010

Iron & steel (BOF steel) Source) Oda et al. 2012;

RITE, 2012

Page 22: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

-100

-50

0

50

100

150

200

[relative to1990]

[relative to2005]

[relative to2010]

[relative to1990]

[relative to2005]

[relative to2010]

[relative to1990]

[relative to2005]

[relative to2010]

Baseline 550ppmCO2eq 450ppmCO2eq

GH

G e

mis

sion

s (%

)

United States EU-27 Japan Russia Korea Brazil China India

22

Emission Reduction Levels for Major Countries in 2030 for Meeting the Least Cost (1/2)

MAC: 33 $/tCO2

MAC: 294 $/tCO2

There are greatly different levels of emission reductions across countries for the least cost mitigation measures.

Source: RITE DNE21+ for the EMF27 study

Page 23: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

-40

-20

0

20

40

60

80

100

[relative to 1990] [relative to 2005] [relative to 2010]

550ppmCO2eq

GH

G e

mis

sion

s (%

)

United States EU-27 Japan Russia Korea Brazil China India

23

Emission Reduction Levels for Major Countries in 2030 for Meeting the Least Cost (2/2)

550 ppm CO2eq MAC: 33 $/tCO2

450 ppm CO2eq MAC: 294 $/tCO2

Note: The assumption that nuclear power can be deployed and operated also in Japan according to an international outlook for nuclear power are adopted.

Source: RITE DNE21+ for the EMF27 study -80

-60

-40

-20

0

20

40

60

[relative to 1990] [relative to 2005] [relative to 2010]

450ppmCO2eq

GH

Gem

issi

ons

(%)

United States EU-27 Japan Russia Korea Brazil China India

Page 24: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

♦ Climate change is a big issue and should be seriously tackled. ♦ IPCC AR5 greatly improved from the AR4 in several fields.

Assessments of emission pathways were also improved by several international collaboration projects etc.

♦ A certain range of emission levels and of emission pathways exist even for meeting a certain target of temperature level, e.g., 2 °C goal, with different probabilities of achievement, overshoot/non-overshoot etc.

♦ Mitigation costs are large for deep emission reduction scenarios. ♦ Wide deployments of all the low-carbon technologies and the

large contributions of all countries to emission reductions with equitable efforts will be necessary for deep emission reductions.

♦ In addition, innovative technologies will be required for deep emission reductions such as 450 ppm CO2eq. to be achieved in the real world.

24 Conclusion

Page 25: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

Appendix

Page 26: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

Historical Global GHG Emissions Profiles 26

Despite several climate policies including Kyoto Protocol, the speed of global GHG emission increase between 2000 and 2010 rather higher than that before 2000.

Page 27: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

27

High Income Countries ($12,616 and more)

Upper Middle Income Countries ($4,086 to $12,615) (China, Brazil, Iran, Malaysia, South Africa etc.)

Lower Middle Income Countries ($1,036 to $4,085) (India, Indonesia, Philippines, Egypt etc.)

Low Income Countries ($1,035 and less)

Rapid increase in emissions in the Upper Middle Income Countries

Larger differences in emissions still exist in between HIC and UMC when consumption-based measures are adopted.

Historical CO2 Emissions for Country Income Groups

Page 28: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

28

Relationship between CO2 Concentration Category and Probability Achieving the Temperature Level

Probability of 50%

Not only the atmospheric CO2 concentration level of 430-480 ppm CO2eq but also of 480-530 ppm CO2eq will be able to expect to achieve the temperature level below 2 °C with over 50% probability.

Figure 6.14

Page 29: Emission Pathways, Mitigation Costs and the …...Emission Pathways, Mitigation Costs and the Economic Impacts IPCC WG3 Symposium September 8, 2014 Keigo Akimoto Research Institute

300

400

500

600

700

800

900

1000

1100

1990 2010 2030 2050 2070 2090 2110 2130 2150

Con

cent

ratin

s in

cl. a

ll fo

rcin

g ag

ents

(CO

2-eq

.ppm

)

ALPS A-Baseline

ALPS A-CP6.0

ALPS A-CP4.5

ALPS A-CP3.7

ALPS A-CP3.0

RCP85

RCP6

RCP45

RCP3PD

29

GHG Concentration and Temperature Change for the RITE ALPS Scenarios

0

1

2

3

4

5

6

7

1990 2010 2030 2050 2070 2090 2110 2130 2150

Surfa

ce te

mpe

ratu

re

rela

tive

to p

re-in

dust

rial (

K)ALPS A-Baseline

ALPS A-CP6.0

ALPS A-CP4.5

ALPS A-CP3.7

ALPS A-CP3.0

RCP8.5

RCP6.0

RCP4.5

RCP3PD

Equilibrium Climate Sensitivity: 3.0 °C


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