Dr. Kishore Dhavala, from Basque Center for Climate Change, Bilbao, Spain will be delivering a seminar titled "Can COP21-Paris pledges avert severe climate change? An Analysis with Integrated Assessment Framework". 

Abstract

At COP21-Paris, some of the world countries have agreed to limit the global emissions through a system of nationally determined country-level (INDCs) emissions, the core objective of COP21-Paris is to limit the global temperature rise below 2ºC by year 2100. To reach this target the global emissions should be below 1990 level. In this paper we have employed dynamic recursive model frame work and examined various climate policies to achieve the 2ºC target. The study resulted in some of the interesting findings in terms of mitigation cost. The global temperature rise would be above 2.6ºC with current INDCs emissions targets. To achieve the 2ºC target we have provided four alternative scenarios which will ensure the achieve the set target. The paper also addresses various mechanisms for burden sharing.

About the Speaker

Dr. Kishore Dhavala is a Post Doctoral Researcher at the Basque Center for Climate Change, Bilbao, Spain. He holds a Doctoral degree in Economics from Florida International University, Miami, USA. He has a Master's degree in Quantitative Economics and a Bachelor's degree in Mathematics, from Andhra University, India.

He worked as a consultant to the Institute of Economic Growth (IEG), Delhi from 2003-2006. At IEG he worked on the various research projects on issues relating to Environmental and Resource Economics, Public Finance, sponsored by World Bank, Central Statistical Organization (CSO), Planning Commission, India, International Labor Organization (ILO), and Royal Society for Protection Birds (RSPB), London. His works with other colleagues at IEG had significant impact on the policy makers especially, on the report of cost benefit analysis of metro rail project which helped in starting of new metro rail projects in major cities of India. His work on protecting the endangered bird species alarmed the policy makers and helped them to undertake more protective measures towards conserving endangered species. At Florida International University, as an instructor he has taught different undergraduate courses such as Principles of Microeconomics, Macroeconomics and Applied Macroeconomics. As a teaching assistant he dealt with wide range of courses including Econometrics, Statistics and Environmental Economics. His areas of interests are Carbon agreements and contracts, Carbon finance, Applied Econometrics and Economics of Crime.

His current research focuses on theoretical and empirical investigations of domestic and international carbon emission trading markets and integrated assessment models for Climate Change control.