Report
Patrick Artus

If growth in OECD countries was stopped, would it be sufficient to meet the climate targets?

Growth in global CO 2 emissions is currently far greater th a n what corresponds to the international climate targets (increase in global temperature limited to 2°C by the end of the century). A possible improvement scenario would consist in stopping growth in OECD countries, while letting the poorest continuing enjoy vigorous growth. When assessing the effects of this scenario on global CO 2 emissions, we see that it would reduce their growth by only 13% of what would have to be done to meet the climate targets: at unchanged technology, stopping growth in OECD countries is far from sufficient to comply with the objectives to reduce global CO 2 emissions: such a stop would reduce growth global CO 2 emissions from 1.9% per year to 1.3% per year, as the OECD countries’ emissions account for only 30% of total emissions .
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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