Deep Decarbonization: The Legal and Economic Framework

May 11, 2017 3:00 pm — 4:30 pm
Washington, DC (and webinar)

An ELI Public Seminar

As global political will to mitigate climate change grows, thought leaders are examining big questions about how societies can drastically reduce dependence on energy generation and other processes that emit greenhouse gases. This type of “deep decarbonization” is seen by some as the only path to achieving the Paris Agreement’s call to limit warming to “well below 2° Celsius.” To achieve this goal in the United States, the law and the economy will need to adapt.

This seminar presented the results of two recent studies of pathways to long-term deep decarbonization for the United States, and the legal framework they operate within. The United States Mid-Century Strategy for Deep Decarbonization report was released in November 2016 by the Obama Administration, and From Risk to Return: Investing in a Clean Energy Economy, was released in December 2016 by the Risky Business Project. The Mid-Century Strategy report was submitted to UNFCCC as part of the follow-up to the Paris climate agreement. From Risk to Return is the latest report by the project co-chaired by Michael Bloomberg, Hank Paulson, and Tom Steyer. Both studies explore pathways to 80% reductions in GHG emissions by 2050.

Michael Burger, Executive Director, Sabin Center for Climate Change Law
Karl Hausker, Senior Fellow, World Resources Institute
Noah Kaufman, Climate Economist, World Resource Institute

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