While calls to mitigate the impacts of climate change often manifest in commitments to reduce C02 emissions, this article considers the impact of CO2 emission reduction on well-being under the inclusive wealth (IW) framework via three energy pathways involving 105 countries from 1992 to 2014. The study concludes that overambitious targets to reduce CO2 emissions might lead to a potential loss in future intergenerational well-being, particularly in developing economies, meanwhile high-income economies were encouraged to set up a more ambitious target of CO2 emission reduction as it would lead to a potential increase of their intergenerational well-being.
Read more in the paper by: Sugiawan, Yogi, Robi Kurniawan, and Shunsuke Managi. “Are Carbon Dioxide Emission Reductions Compatible with Sustainable Well-Being?” Applied Energy 242 (2019): 1–11. https://doi.org/10.1016/j.apenergy.2019.03.113.