Reason, empathy, and fair play : the climate policy gap

To achieve the greatest possible human welfare, the Stockholm Environment Institute’s Climate and Regional Economics of Development (CRED) model calls for rapid reduction of greenhouse gas emissions to keep cumulative 21st century carbon dioxide emissions below 2,000 Gt. We explain why as some other models claim very slow emission reductions are best. We make three changes to the basic assumptions of the well-known DICE model to include the most recent estimates of economic damages from climate change, express greater concern about the well-being of future generations, and expect rich countries to invest in emissions and poverty reduction in poorer countries.
1. The Policy Gap -- 2. Reason: Understanding the Science -- 3. Empathy: Caring about Future Generations -- 4. Fair Play: Prioritizing Equity in Today’s World -- 5. Closing the Gap: A Precautionary Response -- Appendix A. CRED v.1.3 Technical Description -- Appendix B. CRED Scenarios -- Appendix C. Climate Sensitivity in CRED scenarios -- Appendix D. Other Key Scenarios.

48 p. : graphs, tables

Includes bibliographical references (p. 46-48).