Quotation Battiston, Stefano, Monasterolo, Irene. 2018. The Climate Target Gap Is Widening. Can We Close It by Including Climate Finance in SSPs?


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Abstract

Climate targets require a deep transformation of economic production and consumption. Socio-Economic Shared Pathways (SSPs) have emerged has the standard framework to describe the trajectories that will deliver this transformation. However, IPCC has recently warned us that the gap between climate targets and the actual world socio-economic trajectory is widening. One reason is that SSPs have neglected so far the role of the financial sector. Here, we provide arguments why this can lead to substantial errors in the determination of SSP trajectories and on the strategies to achieve them. We propose a novel research agenda to account for the role of the financial sector and its expectations in the SSPs and we explain how this can help to narrowing the gap.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title The Climate Target Gap Is Widening. Can We Close It by Including Climate Finance in SSPs?
Year 2018
URL http://dx.doi.org/10.2139/ssrn.3266041

Associations

People
Monasterolo, Irene (Details)
External
Battiston, Stefano (University of Zurich, Switzerland)
Organization
Institute for Ecological Economics IN (Details)
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