Carbon Pulse: “Meeting Paris Agreement Goals Can Yield over $600 Trillion in Economic Benefits, Report Says”
This article details the findings of a new RFF issue brief that details the avoided climate damages associated with meeting Paris Agreement goals.
“Holding global temperature increases to below 1.5C would save hundreds of trillions of dollars in benefits, while nearly 1 quadrillion in climate damages would result if Paris Agreement targets are not met, according to analysis published Monday."
Jordan Wingenroth is a research associate at RFF. He graduated from the University of California, Berkeley, in May 2019, with an MS in Environmental Science, Policy, and Management.
Brian C. Prest
Fellow; Director, Social Cost of Carbon Initiative
Brian Prest is an economist and fellow at Resources for the Future specializing in climate change, oil and gas, and energy economics.
Issue Brief — Oct 16, 2023
The Economic Benefits of Achieving the Paris Agreement Goals
In this issue brief, RFF researchers estimate the global economic benefits of limiting temperature rise to the Paris Agreement targets of 1.5°C and “well below” 2°C above preindustrial levels.
Working Paper — Feb 22, 2024
China’s Nationwide CO2 Emissions Trading System: A General Equilibrium Assessment
This working paper offers a dynamic general equilibrium assessment of China's tradable performance standard for carbon dioxide emissions.
Common Resources — Jan 23, 2024
Bill That Would Help Track Emissions Associated with Traded Goods Receives Bipartisan Support
A new bill passed recently by a US Senate committee would require the federal government to study the greenhouse gas emissions associated with products from selected industries and US trade partners.