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OptAKlim
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EPICC
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Direct CO2 pricing gives room for additional voluntary emissions reductions
06/30/2020- Most climate economist agree that it makes sense to put a price tag on the emission of the most important greenhouse gas carbon dioxide, CO2. The discussion primarily revolves around whether it would be better to achieve this through a tax or emissions trading. Arguments include the administrative effort involved, the signal effect for investors, and the political enforceability. A new study based on a scientifically controlled experiment now sheds light on another aspect that has barely been researched so far: the incentive effect of both options on actors who want to act morally beyond their economic interests. The study was conducted by the economists Axel Ockenfels, Peter Werner and Ottmar Edenhofer, and has now been published in the renowned journal Nature Sustainability.
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Climate research informing global finance: Scenarios can serve as yardstick for central banks’ risk assessment
24/06/2020 – Stability is at the core of central banks’ objectives. To assess climate destabilization risks, major central banks and supervisors plan to utilise climate scenarios developed by a team of researchers led by the Potsdam Institute for Climate Impact Research. These scenarios will inform the climate stress tests that central banks like the Bank of England or the Banque de France are planning to apply to the financial institutions they regulate. The work was commissioned by the “Network of Central Banks and Supervisors for Greening the Financial System” (NGFS), a group of 66 central banks and supervisors around the globe which aims to develop climate risk management in the financial sector.
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Sea level could rise more than 1 metre by 2100 if emission targets are not met, reveals survey amongst 100 experts
08/05/2020 - Global mean sea-level rise could exceed 1 metres by 2100 and 5 metres by 2300 with unchecked emissions, a survey among 100 leading international experts finds. The risk assessment is based on the increasing body of knowledge of the systems involved – while the scientists highlight the remaining uncertainties, they say it is clear now that previous sea-level rise estimates have been too low. The study led by scientists of Nanyang Technological University, Singapore (NTU Singapore) appears today in the Nature partner journal Climate and Atmospheric Science.
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Climate disasters increase risks of armed conflicts: new evidence
02/04/2020 - The risk for violent clashes increases after weather extremes such as droughts or floods hit people in vulnerable countries, an international team of scientists finds. Vulnerable countries are characterized by a large population, political exclusion of particular ethnic groups, and low development. The study combines global statistical analysis, observation data and regional case study assessments to yield new evidence for policy-makers.
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Tipping mechanisms could spark profound societal change towards climate stabilization: new study
21/01/2020 - Limiting global warming to well below 2°C requires a decarbonized world by 2050 at the latest and a corresponding global transformation of the energy and land use systems of societies across the world. To achieve this goal of net-zero carbon by 2050 emissions need to be cut by half every decade from now on. An interdisciplinary team of researchers now explored tipping mechanisms that have the potential to spark rapid yet constructive societal changes towards climate stabilization and overall sustainability. These tipping elements and mechanisms could bring about a transition that is fast enough for meeting the targets of the Paris climate agreement. Published in the Proceedings of the National Academy of Sciences (PNAS) the scientists identify six socio-economic tipping elements and related interventions that could bring such a transition to a deep and rapid global decarbonization on its way.
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