Committed emissions from existing and planned power plants and asset stranding required to meet the Paris Agreement

Date: 04 May 2018

Over the coming decade, the power sector is expected to invest ∼7.2 trillion USD in power plants and grids globally, much of it into CO2-emitting coal and gas plants. These assets typically have long lifetimes and commit large amounts of (future) CO2 emissions. Here, we analyze the historic development of emission commitments from power plants and compare the emissions committed by current and planned plants with remaining carbon budgets. Based on this comparison we derive the likely amount of stranded assets that would be required to meet the 1.5 ◦C–2 ◦C global warming goal. We find that even though the growth of emission commitments has slowed down in recent years, currently operating generators still commit us to emissions (∼300 GtCO2) above the levels compatible with the average 1.5 ◦C–2 ◦C scenario (∼240 GtCO2). Furthermore, ...

Cameron Hepburn Alexander Pfeiffer Adrien Vogt-Schilb Ben Caldecott

Economics of Sustainability

Committed emissions from existing and planned power plants and asset stranding required to meet the Paris Agreement


Type: paper

Pfeiffer, A., Hepburn, C., Vogt-Schilb, A. & Caldecott, B. (2018). 'Committed emissions from existing and planned power plants and asset stranding required to meet the Paris Agreement'. Environmental Research Letters. (13) 054019


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