Table 1 Scenario definitions.
From: Alternative carbon price trajectories can avoid excessive carbon removal
Scenario | Short name | Carbon budget | Rate of carbon price increase |
|---|---|---|---|
Optimal | OPT | Never exceeded | Endogenous |
Hotelling to Constant | H2C | Never exceeded | Discount rate until time of net-zero emissions, constant price thereafter |
Hotelling Overshoot | HOS | Not exceeded in 2100 | Discount rate |
Hotelling Below | HBL | Never exceeded | Discount rate |
GDP growth | GDP | Never exceeded | GDP growth rate |
Linear | LIN | Never exceeded | Such that target is met |
