https://www.nature.com/articles/s41586-019-1364-3

Poster's note: useful background context for scaling SRM and CDR.
Personally, I expect much of this plant will be retired before it wears
out.

Committed emissions from existing energy infrastructure jeopardize 1.5 °C
climate target
Dan Tong, Qiang Zhang, […]Steven J. Davis
Nature (2019) | Download Citation

Abstract
Net anthropogenic carbon dioxide (CO2) emissions must approach zero by
mid-century (2050) to stabilize global mean temperature at the levels
targeted by international efforts1–5. Yet continued expansion of
fossil-fuel energy infrastructure implies already ‘committed’ future CO2
emissions6–13. Here we use detailed datasets of current fossil-fuel-burning
energy infrastructure in 2018 to estimate regional and sectoral patterns of
‘committed’ CO2 emissions, the sensitivity of such emissions to assumed
operating lifetimes and schedules, and the economic value of associated
infrastructure. We estimate that, if operated as historically, existing
infrastructure will emit about 658 gigatonnes (Gt) of CO2 (ranging from 226
to 1,479 Gt CO2 depending on assumed lifetimes and utilization rates). More
than half of these emissions are projected to come from the electricity
sector, and infrastructure in China, the USA and the EU28 countries
represent approximately 41 per cent, 9 per cent and 7 per cent of the
total, respectively. If built, proposed power plants (planned, permitted or
under construction) would emit approximately an additional 188 (range
37–427) Gt CO2. Committed emissions from existing and proposed energy
infrastructure (about 846 Gt CO2) thus represent more than the entire
remaining carbon budget if mean warming is to be limited to 1.5 °C with a
probability of 50–66 per cent (420–580 Gt CO2)5, and perhaps two-thirds of
the remaining carbon budget if mean warming is to be limited to below 2 °C
(1,170–1,500 Gt CO2)5. The remaining carbon budget estimates are varied and
nuanced14,15, depending on the climate target and the availability of
large-scale negative emissions16. Nevertheless, our emission estimates
suggest that little or no additional CO2-emitting infrastructure can be
commissioned, and that infrastructure retirements that are earlier than
historical ones (or retrofits with carbon capture and storage technology)
may be necessary, in order to meet the Paris Agreement climate goals17. On
the basis of the asset value per ton of committed emissions, we estimate
that the most cost-effective premature infrastructure retirements will be
in the electricity and industry sectors, if non-emitting alternative
technologies are available and affordable4,18.

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