3 How can we reduce CO2 emissions?
Together, economic growth and how much we emit per unit of production determine the development of total CO2 emissions. From a purely logical point of view, the relationship between CO2 emissions and GDP can therefore be represented as follows:
Emissions (CO2)
=
Emission intensity per unit of production (CO2/GDP)
x
Total production (GDP)
Or, stated more formally:
\[\text{CO}_\text{2} = \frac{\text{CO}_\text{2}}{\text{GDP}} \text{GDP}\]
Based on the above decomposition, we have only the following options for reducing CO2 emissions:
- produce in a cleaner way (faster reduction of CO2 intensity) or
- produce less (lower or negative economic growth) or
- a combination of both.
In the next steps, you will be able use the above decomposition of CO2 emissions to create illustrative scenarios for the world as a whole and for individual countries.
But before we start creating illustrative scenarios, we need to know how much more CO2 we are allowed to emit if we want to achieve our climate goals.