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...

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...

This paper examines the near- and the long-term contribution of regional and sectoral bioenergy use in response to both regionally diverse near-term policies and longer-term global climate change mitigation policies. The use of several models provides a source of heterogeneity in terms of...

This paper assesses energy security in three long-term energy scenarios (business as usual development, a projection of Copenhagen commitments, and a 450 ppm stabilization scenario) as modeled in six integrated assessment models: GCAM, IMAGE, MESSAGE, ReMIND, TIAM-ECN and WITCH. We...

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...

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...

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...

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 uses an integrated assessment model to quantify the climate R&D investment strategy for a variety of scenarios fully consistent with 2°C. We estimate the total climate R&D investment needs in approximately 1 USD Trillion (all monetary values in this paper are given in 2005 US dollars...

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...