The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals
Open accessAbstract
Low-carbon investments are necessary for driving the energy system transformation that is called for by both the Paris Agreement and Sustainable Development Goals. Improving understanding of the scale and nature of these investments under diverging technology and policy futures is therefore of great importance to decision makers. Here, using six global modelling frameworks, we show that the pronounced reallocation of the investment portfolio required to transform the energy system will not be initiated by the current suite of countries’ Nationally Determined Contributions. Charting a course toward ‘well below 2 °C’ instead sees low-carbon investments overtaking fossil investments globally by around 2025 or before and growing thereafter. Pursuing the 1.5 °C target demands a marked upscaling in low-carbon capital beyond that of a 2 °C-consistent future. Actions consistent with an energy transformation would increase the costs of achieving the goals of energy access and food security, but reduce the costs of achieving air-quality goals.The scale and nature of energy investments under diverging technology and policy futures is of great importance to decision makers. Here, a multi-model study projects investment needs under countries’ nationally determined contributions and in pathways consistent with achieving the 2 °C and 1.5 °C targets as well as certain SDGs.
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Cites
Paris Agreement climate proposals need a boost to keep warming well below 2 °C
Rogelj, J., den Elzen, M., Höhne, N., Fransen, T., Fekete, H., Winkler, H., Schaeffer, R., Sha, F., Riahi, K., & Meinshausen, M. (2016) · Nature · doi:10.1038/nature18307 · Cited by 3,637
Self-citationEnergy system transformations for limiting end-of-century warming to below 1.5 °C
Rogelj, J., Luderer, G., Pietzcker, R. C., Kriegler, E., Schaeffer, M., Krey, V., & Riahi, K. (2015) · Nature Climate Change · doi:10.1038/nclimate2572 · Cited by 875
Self-citationFossil-fueled development (SSP5): An energy and resource intensive scenario for the 21st century
Kriegler, E., Bauer, N., Popp, A., Humpenöder, F., Leimbach, M., Strefler, J., Baumstark, L., Bodirsky, B. L., Hilaire, J., Klein, D., et al. (2017) · Global Environmental Change · doi:10.1016/j.gloenvcha.2016.05.015 · Cited by 735
Self-citationEconomic mitigation challenges: how further delay closes the door for achieving climate targets
Luderer, G., Pietzcker, R. C., Bertram, C., Kriegler, E., Meinshausen, M., & Edenhofer, O. (2013) · Environmental Research Letters · doi:10.1088/1748-9326/8/3/034033 · Cited by 230
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Cited by
Connecting climate action with other Sustainable Development Goals
Fuso Nerini, F., Sovacool, B., Hughes, N., Cozzi, L., Cosgrave, E., Howells, M., Tavoni, M., Tomei, J., Zerriffi, H., & Milligan, B. (2019) · Nature Sustainability · doi:10.1038/s41893-019-0334-y · Cited by 721
Descriptors for the Evaluation of Electrocatalytic Reactions: d‐Band Theory and Beyond
Jiao, S., Fu, X., & Huang, H. (2022) · Advanced Functional Materials · doi:10.1002/adfm.202107651 · Cited by 719
An Overview of the Status and Challenges of CO2 Storage in Minerals and Geological Formations
Kelemen, P., Benson, S. M., Pilorgé, H., Psarras, P., & Wilcox, J. (2019) · Frontiers in Climate · doi:10.3389/fclim.2019.00009 · Cited by 587
“…the total cost of the energy transition, i.e., decarbonizing energy through shifting to an energy infrastructure comprised primarily of renewables, required for <1.5◦C of warming was estimated to be 1.6–3.8 trillion dollars per year until 2050 (McCollum et al., 2018; Rogelj et al., 2018).”
BackgroundInfluentialNet-zero emission targets for major emitting countries consistent with the Paris Agreement
van Soest, H. L., den Elzen, M. G. J., & van Vuuren, D. P. (2021) · Nature Communications · doi:10.1038/s41467-021-22294-x · Cited by 568
A sustainable development pathway for climate action within the UN 2030 Agenda
Soergel, B., Kriegler, E., Weindl, I., Rauner, S., Dirnaichner, A., Ruhe, C., Hofmann, M., Bauer, N., Bertram, C., Bodirsky, B. L., et al. (2021) · Nature Climate Change · doi:10.1038/s41558-021-01098-3 · Cited by 544
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Metadata
- Authors
- McCollum, D. L., Zhou, W., Bertram, C., de Boer, H.-S., Bosetti, V., Busch, S., Després, J., Drouet, L., Emmerling, J., Fay, M., Fricko, O., Fujimori, S., Gidden, M., Harmsen, M., Huppmann, D., Iyer, G., Krey, V., Kriegler, E., Nicolas, C., Pachauri, S., Parkinson, S., Poblete-Cazenave, M., Rafaj, P., Rao, N., Rozenberg, J., Schmitz, A., Schoepp, W., van Vuuren, D., & Riahi, K.
- Venue
- Nature Energy
- Published
- 2018-06-18
- Volume
- 3
- Issue
- 7
- Pages
- 589-599
- ISSN
- 2058-7546 (ISSN-L)
- OpenAlex
- W2808387346
- Cited by
- 618
- References
- 4
- FWCI
- 85.39
- Type
- journal article
- Language
- en
- Open access
- green
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- McCollum, D. L., Zhou, W., Bertram, C., de Boer, H.-S., Bosetti, V., Busch, S., Després, J., Drouet, L., Emmerling, J., Fay, M., Fricko, O., Fujimori, S., Gidden, M., Harmsen, M., Huppmann, D., Iyer, G., Krey, V., Kriegler, E., Nicolas, C., . . . Riahi, K. (2018). Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals. Nature Energy. https://doi.org/10.1038/s41560-018-0179-z
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