Abstract
The intended nationally determined contributions were adopted as the national plans for addressing the climate change challenge after 2020, aiming at limiting global warming to 2 or 1.5 °C. In this context, energy-saving R&D has become an important way for reducing GHG emissions. This study used a climate-economy integrated assessment model to study the carbon reduction and climate mitigation effects of R&D investment by scenario simulation. The results show that most of the major carbon emitters cannot achieve their INDC targets by continuing their current R&D growth trends. Unless the R&D investment rates of countries increase to radically high levels, global warming by 2100 cannot be controlled to below 2 or 1.5 °C even when the major carbon emitters have approached or achieved their INDC targets. Low-carbon technology transfer will obviously reduce the carbon emissions of developing countries, but cannot achieve the 2 °C target. Considering the actual R&D capabilities of countries and the economic loss under excessive R&D input, raising R&D rates to approximately 4 or 5 percent and combining them with technology transfer and production damage measures will be a more realistic approach.
| Original language | English |
|---|---|
| Pages (from-to) | 662-675 |
| Number of pages | 14 |
| Journal | Energy |
| Volume | 148 |
| DOIs | |
| State | Published - 1 Apr 2018 |
Keywords
- Integrated assessment model (IAM)
- Intended nationally determined contribution (INDC)
- Knowledge stock
- Process technological progress
- R&D investment