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Paris Agreement comes into force: Global carbon constraints from 2020


Paris Agreement comes into force: Global carbon constraints from 2020

Report summary

The Paris Agreement comes into force on November 4th 2016, imposing greenhouse gas emissions limits on countries across the globe. Based on preliminary H2 2016 data, Wood Mackenzie expects the emission goal implied by the current version of the Paris Agreement to be missed. Developed countries have committed to emissions cuts that they will be unable to make without additional efforts to decarbonise their economies. Emerging markets should meet their NDC targets with relative ease, and some may choose to adopt stricter limits, particularly if there is ground to be gained by 'climate leadership.' Continued pressure on emissions growth is a reliable bet, and hydrocarbon fuel consumption is in the firing line. A formalised global policy framework favouring low-carbon energy challenges the traditional business models in oil and gas production, coal extraction and power utilities in the longer run. A lower-carbon future looms, challenging countries and companies to innovate and adapt.

What's included?

This report includes 1 file(s)

  • Paris Agreement comes into force: Global carbon constraints from 2020 PDF - 279.76 KB 5 Pages, 0 Tables, 5 Figures

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • Executive summary
  • Introduction
  • Nationally Determined Contributions (NDCs) and global targets
  • Country- and region-level perspectives
  • COP22 and the future of the Paris Agreement

In this report there are 5 tables or charts, including:

  • Executive summary
  • Introduction
  • Nationally Determined Contributions (NDCs) and global targets
    • World CO2 emissions vs. Paris Agreement vs. IEA 450 scenario*
  • Country- and region-level perspectives
    • China CO2 emissions vs. Paris, IEA
    • India CO2 emissions vs. Paris, IEA
    • EU CO2 emissions vs. Paris, IEA
    • US CO2 emissions vs. Paris, IEA
  • COP22 and the future of the Paris Agreement
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