Fig. 4: Costs versus benefits (cost-minimising setting).
From: On the optimality of 2°C targets and a decomposition of uncertainty
The costs are calculated as the net present value (NPV) of abatement costs as a share of GDP, whereas the benefits are the NPV of avoided damages as a share of GDP compared to the baseline SSP scenario, for each scenario reaching the carbon budget of 1344 GtCO2, and for each combination of parameters of Table 1.
