Should climate policies be directed towards fossil fuel producers?
During decades of international climate policy negotiations, aiming to limit demand for fossil fuels, the stock of carbon dioxide in the atmosphere has increased considerably, and even the flow of emissions to the atmosphere continues to grow.
To reach the Paris Agreement’s goal of keeping global warming well below 2°C, substantial parts of the world’s fossil fuels simply cannot be combusted and must be left in the ground. Recent work thus suggests redirecting climate policies toward fossil fuel producers directly by capping the flows of extraction and restricting the stocks of resources available for exploration. Could this be an effective measure to reduce carbon emissions?
18:00 Welcome and background for today's meeting
Nils Chr. Stenseth, Chair of the Academy’s committee on Climate,
Environment and Resources
18:10 The case for a supply-side climate treaty
Karine Nyborg, Universitetet i Oslo
18:30 First Thoughts on the Case for Limiting Fossil Fuel Supply in a Climate Treaty
Scott Barrett, Columbia University
19:00 Climate strategies for fossil fuel importers rather than exporters
Thomas Sterner, University of Gothenburg
19:10 Introduction on Norwegian Policy
Rikard Gaarder Knutsen State Secretary, OED
19:20 Panel Debate
The meeting is open for all, but requires registration here