Carbon Budgets Explained
What lies beneath Carbon Budgets?
The paper explains how the likelihood of a certain temperature outcome used, and five variables can affect the overall size of the carbon budget.
1. Time – what defines ‘pre-industrial’?
2. Sector – emissions from energy only, or total carbon budget
3. Greenhouse gases – CO₂ only, or non- CO₂ greenhouse gas emissions as well
4. Fossil fuel shares – the split of coal, gas and oil
5. Carbon Capture and Storage
Watch this short animation explaining how we determine the carbon budget.