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Publications May 2018

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Committed emissions from existing and planned power plants and asset stranding required to meet the Paris Agreement

Description:

Here, we analyze the historic development of emission commitments from power plants and compare the emissions committed by current and planned plants with remaining carbon budgets. Based on this comparison we derive the likely amount of stranded assets that would be required to meet the 1.5 °C–2 °C global warming goal. We find that even though the growth of emission commitments has slowed down in recent years, currently operating generators still commit us to emissions (~300 GtCO2) above the levels compatible with the average 1.5 °C–2 °C scenario (~240 GtCO2).

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Authors:

Adrian Vogt-Schilb
Alexander Pfeiffer
Ben Caldecott
Cameron Hepburn

Type: Journal Articles & Working Papers