This paper provides an introduction to the Special issue of Climate Change Economics containing twelve papers describing findings of the LIMITS project. These papers assess post 2020 climate policies aimed at achieving the 2°C target. The assessment is based on an ensemble of scenarios...

No abstract received.

This paper provides a novel and comprehensive model-based assessment of possible outcomes of the Durban Platform negotiations with a focus on emissions reduction requirements, the consistency with the 2°C target and global economic impacts. The Durban Platform scenarios investigated in the...

The feasibility of achieving climate stabilization consistent with the objective of 2°C is heavily influenced by how the effort in terms of mitigation and economic resources will be distributed among the major economies. This paper provides a multi-model quantification of the mitigation...

The release of the Global Change Assessment Model (GCAM) version 3.0 represents a major revision in the treatment of agriculture and land-use activities in a model of long-term, global human and physical Earth systems. GCAM 3.0 incorporates greater spatial and temporal resolution compared to...

This paper analyzes the results of the climate-energy-economy model, Regionalized Model of Investment and Technological Development (REMIND), to assess the regional costs of climate-change mitigation for reaching the 2°C target with a medium to high likelihood. We assume that the global climate...

We investigate the importance of explicitly accounting for uncertainty in the determination of optimal global climate policy. We demonstrate that the marginal risk premium determines the importance of adapting the optimal policy to uncertainty. Common integrated assessment models (IAM) of...

The levels of investment needed to mobilize an energy system transformation and mitigate climate change are not known with certainty. This paper aims to inform the ongoing dialogue and in so doing to guide public policy and strategic corporate decision making. Within the framework of the LIMITS...