Energy Security of China, India, the E.U. and the U.S. under Long-term Scenarios: Results from Six IAMs

This paper assesses energy security in three long-term energy scenarios (a business as usual development, a projection of Copenhagen commitments, and a 450 ppm stabilization scenario) as modeled in six integrated assessment models: GCAM, IMAGE, MESSAGE, ReMIND, TIAM-ECN and WITCH. We systematically evaluate potential long-term vulnerabilities of vital energy systems of four major economies: China, the European Union, India and the U.S., as expressed by several characteristics of energy trade, resource extraction, and diversity of energy options. Our results show that climate policies are likely to lead to significantly lower global energy trade and reduce energy imports of major economies, decrease the rate of resource depletion, and increase the diversity of energy options, particularly in the especially vulnerable transportation sector. China, India and the E.U. will derive particularly strong benefits from climate policies, whereas the U.S. may forego some opportunities to export fossil fuels in the second half of the century

The Distribution of the Major Economies' Effort in the Durban Platform Scenarios

The feasibility of achieving climate stabilization consistent with the objective of 2 degrees C is heavily influenced by how the effort in terms of mitigation and economic resources will be distributed among the major economies. This paper provides a multi-model quantification of the mitigation commitment in ten major regions of the world for a diversity of allocation schemes. Our results indicate that a policy with uniform carbon pricing and no transfer payments would yield an uneven distribution of policy costs, which would be lower than the global average for OECD countries, higher for developing economies and the highest, for energy exporters. We show that a resource sharing scheme based on long-term convergence of per capita emissions would not resolve the issue of cost distribution. An effort sharing scheme which equalizes regional policy costs would yield an allocation of allowances comparable with the ones proposed by the Major Economies. Under such a scheme, emissions would peak between 2030 and 2045 for China and remain rather flat for India. In all cases, a very large international carbon market would be required