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Climate Policies and Nationally Determined Contributions: Reconciling the Needed Ambition with the Political Economy.

Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate policies and their Nationally Determined Contributions (NDCs) to reach zero-net emissions before the end of the century in a socially and politically-acceptable manner.

Category:  Distribution, Competitiveness & Political Economy