Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298157 
Year of Publication: 
2023
Series/Report no.: 
ADB Economics Working Paper Series No. 711
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
Unless developing Asia decarbonizes its development, global warming is unlikely to stay below the internationally agreed limit of 2êC above preindustrial levels. Integrated assessment modeling offers insights into how a low carbon transition can be achieved. The Sixth Assessment Report of the Intergovernmental Panel on Climate Change incorporated an ambitious model intercomparison effort that compiled thousands of model-scenario combinations to consider low carbon development pathways. This paper explores the evidence within that database to consider decarbonization pathways for developing Asia. Overall, a comparison of the major models finds strong consistency in the transformation of the energy sector required to achieve Paris Agreement goals. This includes a rapid decline in the share of coal-a mainstay of the power sector in developing Asia-and a substantial rise in renewable energy. The cost of the transition can be relatively low if mitigation efforts are efficient, as assumed in the models.
Subjects: 
climate change
integrated assessment model
mitigation
energy
Paris Agreement
NDCs
JEL: 
C61
D58
Q4
Q54
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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