fd1c47a1d2d4e5f1c78e6a1ec5a4630f Falconi_et_al_2019.pdf f3e0449516664f31fd72d5796f95c226fc1d0fb2 Falconi_et_al_2019.pdf 807160b51d6d9abd4b39befa687c257e4e2116ca1ee3e522b06293035932ad3a Falconi_et_al_2019.pdf Title: Toxic Income as a Trigger of Climate Change Subject: The rate of CO2 emissions concentration in the atmosphere increases the likelihood of significant impacts on humankind and ecosystems. The assumption that permissible levels of greenhouse gas emissions cannot exceed the global average temperature increase of 2 C in relation to pre-industrial levels remains uncertain. Despite this uncertainty, the direct implication is that enormous quantities of fossil fuels have, thus far, wrongly been counted as assets by hydrocarbon firms as they cannot be exploited if we want to keep climate under certain control. These are the so-called “toxic assets”. Due to the relationship among CO2 emissions, GDP, energy consumption, and energy efficiency, the concept of toxic assets can be transferred to toxic income, which is the income level that would generate levels of CO2 emissions incompatible with keeping climate change under control. This research, using a simulation model based on country-based econometric models, estimated a threshold for income per capita above which the temperature limit of 2 C would be surpassed. Under the business as usual scenario, average per capita income would be $14,208 (in constant 2010 USD) in 2033; and under the intervention scenario, which reflects the commitments of the COP21 meeting held in Paris in December 2015, the toxic revenue would be $13,433 (in constant 2010 USD) in 2036. Keywords: climate change; CO2 emissions; toxic income; contraction and convergence; Paris agreement; intended nationally determined contributions (INDC) Author: Fander Falconí, Rafael Burbano, Jesus Ramos-Martin and Pedro Cango Creator: LaTeX with hyperref package Producer: pdfTeX-1.40.17 CreationDate: Thu Apr 25 13:55:28 2019 CEST ModDate: Thu Apr 25 13:55:28 2019 CEST Tagged: no UserProperties: no Suspects: no Form: none JavaScript: no Pages: 25 Encrypted: no Page size: 595.276 x 841.89 pts (A4) Page rot: 0 File size: 2299424 bytes Optimized: no PDF version: 1.5 name type encoding emb sub uni object ID ------------------------------------ ----------------- ---------------- --- --- --- --------- ZSIQNQ+URWPalladioL-Ital Type 1 Custom yes yes no 70 0 ZUKYVU+URWPalladioL-Bold Type 1 Custom yes yes no 71 0 WLENKM+VnURWPalladioL-Bold Type 1 Custom yes yes no 72 0 VRZWIO+URWPalladioL-Roma Type 1 Custom yes yes no 73 0 AZBFJT+VnURWPalladioL Type 1 Custom yes yes no 74 0 QTQXNT+Rpxr Type 1 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げづびふぬぴびぜ〴ぜ〰ちのつぜ〴ぜ〰いどびっふびびどはのぜ〴〩਼㰠⽓ 䝯呯 䐠⡳畢獥捴楯渮㌮ㄩ‾㸊⡜㌷㙜㌷㝜〰げづびふぬぴびぜ〴ぜ〰ぢべぜ〴ぜ〰ぉのっはねづぜ〴ぜ〰ぇひはふばぜ〴〩਼㰠⽓ 䝯呯 䐠⡳畢獥捴楯渮㌮㈩‾㸊⡜㌷㙜㌷㝜〰ぅびぴどねちぴづつぜ〴ぜ〰ごはへどっぜ〴ぜ〰ぉのっはねづぜ〴〩਼㰠⽓ 䝯呯 䐠⡳畢獥捴楯渮㌮㌩‾㸊⡜㌷㙜㌷㝜〰えどびぴはひどっちぬぜ〴ぜ〰げづびばはのびどぢどぬどぴどづびぜ〴ぜ〰げづぬちぴづつぜ〴ぜ〰ぴはぜ〴ぜ〰ごはへどっぜ〴ぜ〰ぉのっはねづぜ〴〩਼㰠⽓ 䝯呯 䐠⡳散瑩潮⸴ Children: Item: Title: げづびふぬぴびぜ〴ぜ〰ぢべぜ〴ぜ〰ぉのっはねづぜ〴ぜ〰ぇひはふばぜ〴〩਼㰠⽓ 䝯呯 䐠⡳畢獥捴楯渮㌮㈩‾㸊⡜㌷㙜㌷㝜〰ぅびぴどねちぴづつぜ〴ぜ〰ごはへどっぜ〴ぜ〰ぉのっはねづぜ〴〩਼㰠⽓ 䝯呯 䐠⡳畢獥捴楯渮㌮㌩‾㸊⡜㌷㙜㌷㝜〰えどびぴはひどっちぬぜ〴ぜ〰げづびばはのびどぢどぬどぴどづびぜ〴ぜ〰げづぬちぴづつぜ〴ぜ〰ぴはぜ〴ぜ〰ごはへどっぜ〴ぜ〰ぉのっはねづぜ〴〩਼㰠⽓ 䝯呯 䐠⡳散瑩潮⸴ Item: Title: ぅびぴどねちぴづつぜ〴ぜ〰ごはへどっぜ〴ぜ〰ぉのっはねづぜ〴〩਼㰠⽓ 䝯呯 䐠⡳畢獥捴楯渮㌮㌩‾㸊⡜㌷㙜㌷㝜〰えどびぴはひどっちぬぜ〴ぜ〰げづびばはのびどぢどぬどぴどづびぜ〴ぜ〰げづぬちぴづつぜ〴ぜ〰ぴはぜ〴ぜ〰ごはへどっぜ〴ぜ〰ぉのっはねづぜ〴〩਼㰠⽓ 䝯呯 䐠⡳散瑩潮⸴ Item: Title: えどびぴはひどっちぬぜ〴ぜ〰げづびばはのびどぢどぬどぴどづびぜ〴ぜ〰げづぬちぴづつぜ〴ぜ〰ぴはぜ〴ぜ〰ごはへどっぜ〴ぜ〰ぉのっはねづぜ〴〩਼㰠⽓ 䝯呯 䐠⡳散瑩潮⸴ Item: Title: ぃはのっぬふびどはのびぜ〴ぜ〰ちのつぜ〴ぜ〰ぐはぬどっべぜ〴ぜ〰ぉねばぬどっちぴどはのびぜ〴〩਼㰠⽓ 䝯呯 䐠⡳散瑩潮⹁⸩‾㸊⡜㌷㙜㌷㝜〰ぅっはのはねづぴひどっぜ〴ぜ〰げづでひづびびどはのびぜ〴〩਼㰠⽓ 䝯呯 䐠⡳散瑩潮⹂⸩‾㸊⠩਼㰠⽓ 䝯呯 䐠⡴慢汥⹣慰瑩潮⸳㘩‾㸊⡜㌷㙜㌷㝜〰げづてづひづのっづび Item: Title: ぅっはのはねづぴひどっぜ〴ぜ〰げづでひづびびどはのびぜ〴〩਼㰠⽓ 䝯呯 䐠⡳散瑩潮⹂⸩‾㸊⠩਼㰠⽓ 䝯呯 䐠⡴慢汥⹣慰瑩潮⸳㘩‾㸊⡜㌷㙜㌷㝜〰げづてづひづのっづび Item: Title: Item: 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