Working Papers - Global Climate Forum

GCF Working Paper 2/2017a:
Framing 1.5 C – Turning an investment challenge into a green growth opportunity

August 16, 2017/in Working Papers

[by S. Wolf, C. Jaeger, J. Mielke, F. Schuetze, R. Rosen] ||

[*This is a slightly amended version of GCF Working Paper 2/2017.] ||

Our new working paper wants to contribute to the special report on the impacts of average global warming of 1.5°C above pre-industrial levels that the Intergovernmental Panel on Climate Change (IPCC) will produce in 2018. In contrast to a classical perspective on climate policy, which focuses on costs, our paper proposes a win-win framing: The 1:5C scenario should be seen as an opportunity for the world to achieve a Great Transition to green growth. Read more

GCF Working Paper 1/2017:
Green investment and coordination failure: An investors’ perspective

June 8, 2017/in Working Papers

[by Jahel Mielke, Gesine A. Steudle] ||

The goal to keep global warming well below 2°C can only be achieved if private investors shift capital from brown to green infrastructures and technologies. In this working paper, we present a game-theoretic perspective on the transition from brown to green growth. We perceive investment for mitigation as a coordination problem of selecting among multiple equilibria. We discuss how uncertainty in such a “green investment game” could be reduced in order to coordinate actors on the Pareto-superior equilibrium. Read more