The Adaptation Conversation

How much will it cost to meet the Paris temperature goals? With Professor Detlef Van Vuuren

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Sinopsis

The cumulative costs of achieving the 1.5˚C temperature target outlined in the Paris agreement could be as high as 100 trillion US dollars, a new study has found. However, researchers found that there was a wide range of uncertainty in the forecasts with the low-end estimate being 10 trillion US dollars. In this Conversation on Climate Change Adaptation, we speak to the study's lead author, Professor Detlef Van Vuuren, who works at PPL Netherlands Environment Assessment Agency, and lectures at Utrecht University. Since the world's governments committed to reducing Greenhouse Gas Emissions (GHGs) sufficiently to limit global warming to 1.5˚C or at least "well below" 2˚C by the end of the century in the Paris Agreement, attention has increasingly turned to how to achieve such a mammoth task. As with COVID-19, the costs of inaction are unimaginable, but the dramatic cuts in GHG emissions necessary to hit the targets will require an unprecedented transformation of the global economy. Such changes will inevitab