Description:
This study shows that achieving the climate change mitigation target of staying below 2°C temperature rise is possible technically - thanks to an acceleration of decarbonisation trends, an increased electrification of final demand and large changes in the primary energy mix that include a phase out of coal and a reduction of oil and gas - and is consistent with economic growth. It yields co-benefits via improved air quality - including avoided deaths, reduction of respiratory diseases and agricultural productivity improvement - that largely offset the cost of climate change mitigation. These co-benefits arise without extra investment costs and are additional to the benefits of avoiding global warming and its impact on the economy.