Figure : net-present-value-of-mitigation-costs-from-2010-to-2050

Net Present Value of Mitigation Costs from 2010 to 2050 from Seven Different Models

Figure 3.12

This figure appears in chapter 3 of the Second State of the Carbon Cycle Report (SOCCR2): A Sustained Assessment Report report.

The measures presented are the total mitigation costs for 50% and 80% reductions in carbon emissions. Results suggest that total mitigation costs across pessimistic and optimistic technology assumptions (see Table 3.6, p. 161) are $1 trillion to $2 trillion (US$ 2005) for 50% reductions in GHG emissions and $1 trillion to $4 trillion (US$ 2005) for 80% reductions in GHG emissions. Among the caveats to these analyses, each of the models has different capabilities to calculate underlying metrics, so an assessment of costs generally must include different metrics across models, and these results do not include economy-wide impacts from the assumptions. Key: NPV, net present value; Pess., pessimistic; CCS, carbon capture and storage; Nuc, nuclear, Ren, renewables; Tech, technology; EERE, end-use energy and renewable energy; Opt., optimistic. [Figure source: Redrawn from Clarke et al., 2014, used with permission of The Energy Journal, conveyed through Copyright Clearance Center Inc.]

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This figure was created on May 25, 2018.

This figure was submitted on February 11, 2019.

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