Template-Type: ReDIF-Paper 1.0
Author-Name: Catherine Leining
Author-X-Name-First: Catherine
Author-X-Name-Last: Leining
Author-Email: catherine.leining@motu.org.nz
Author-Workplace-Name: Motu Economic and Public Policy Research
Author-Name: Sasha Maher
Author-X-Name-First: Sasha 
Author-X-Name-Last: Maher
Author-Email: sasha.maher@motu.org.nz
Author-Workplace-Name: Motu Economic and Public Policy Research
Author-Name: Hannah Kotula
Author-X-Name-First: Hannah 
Author-X-Name-Last: Kotula
Author-Email: hannah.kotula@motu.org.nz
Author-Workplace-Name: Motu Economic and Public Policy Research
Title: Think globally, act cooperatively: Progressing offshore mitigation for Aotearoa New Zealand
Abstract: Cooperation between countries is key to avoiding the most severe impacts of climate change. Under current policies, the world will face temperatures of 3oC above pre-industrial levels by 2100. Developing countries hold three quarters of the cost-effective mitigation needed in 2030 under 1.5oC pathways, but currently lack the capability to make it happen and historically have contributed least to the problem. If higher- and lower-income countries fail to work together to unlock that mitigation, the world will lock in dangerous climate change. Providing conventional climate finance to lower-income countries is crucial but is not the only option – nor has it been sufficient so far.
Length: 32 pages
Creation-Date: 2024-10
File-URL: https://motu-www.motu.org.nz/wpapers/24_54.pdf
Number: 24_54
Classification-JEL: Q54; Q56; Q58 
Keywords: Climate change; emissions trading; carbon markets; Paris Agreement; New Zealand; Article 6; cooperation
Handle: RePEc:mtu:wpaper:24_54