- Impacts of Low Aggregate INDCs Ambition (Nov 2015)0.94 MB
Ahead of COP21 in Paris, countries have tabled their emissions reductions pledges in the form of Intended Nationally Determined Contributions (INDCs).
New Oxfam-commissioned research, carried out by Climate Analytics, uses modelling to assess the impact of aggregate INDC ambition. It estimates that 3°C of warming, compared with 2°C of warming, could mean that developing countries are faced with an additional $600-billion per year in economic losses by 2050, and see their adaptation finance needs raised by almost $300-billion per year by the same date. The technical specifications and calibration of the models used are explained in this paper.
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