The issue of climate change raises new requirements for the way our societies work, and in particular how energy is provided. The reductions necessary to reach the internationally agreed target to limit the rise in temperature to 2° C are enormous and require technological and social...

In short, yes. I use a multi-region integrated assessment model with fuel-specific endogenous technical change to examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological diffusion this is insufficient to avoid catastrophic climate...