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    Global | What are the most likely long term climate scenarios? Not the most ambitious

    Published on Friday, December 13, 2024 | Updated on Friday, December 13, 2024

    Global | What are the most likely long term climate scenarios? Not the most ambitious

    Summary

    Climate scenarios can be clustered by temperature goals and ranked by the feasibility of the policies to achieve them. Under current commitments, scenarios projecting a 2.3°C–3.0°C temperature increase are the most plausible; more ambitious targets require policy shifts -and breakthrough innovation- that are less likely.

    Key points

    • Key points:
    • Climate scenarios are grouped into three clusters—2.3°C–3.0°C (Business as Usual), Well Below 2°C (Paris Aligned), and 1.5°C or Below (Net Zero)—based on their targeted temperature outcomes, enabling a comparative evaluation of their feasibility and alignment with current trends and policies.
    • Achieving more ambitious scenarios requires rapid innovation, enhanced policy frameworks, and international coordination, which are not currently evident at the required scale.
    • (A naif exercise) The likelihood of achieving a net-zero emissions pathway by mid-century is estimated below 15% without a significant leap in emissions intensity reduction trends driven by innovation and aggressive policy implementation.

    Geographies

    Topics

    Authors

    Joxe Mari Barrutiabengoa BBVA Research - Senior Economist
    Julián Cubero BBVA Research - Lead Economist
    Laura Martínez Gálvez BBVA Research - Economist
    Pilar Más Rodríguez BBVA Research - Principal Economist
    Rafael Ortiz Durán BBVA Research - Economist

    Documents and files

    Report (PDF)

    Climate-Change-Watch_13-December-1.pdf

    English - December 13, 2024

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