The implications of fossil fuel supply constraints on climate change projections: A supply-side analysis. (February 2017)

• Record Type: Journal Article
• Authors: Wang, Jianliang; Feng, Lianyong; Tang, Xu; Bentley, Yongmei; Höök, Mikael
• Is Part Of: Futures. Volume 86(2017)
• Page Start: 58
• Page End: 72
• Publication Date: 2017-02
• Subjects: Supply constraints -- Emission scenarios -- Climate projections -- Fossil fuel resources; Economic forecasting -- Periodicals; Technological forecasting -- Periodicals; Economic policy -- Periodicals; Prévision économique -- Périodiques; Prévision technologique -- Périodiques; Politique économique -- Périodiques; Economic forecasting; Economic policy; Technological forecasting; Periodicals; Electronic journals; 330.0112
• DOI: 10.1016/j.futures.2016.04.007
• Languages: English
• ISSNs: 0016-3287

Abstract

Highlights: We made a comprehensive investigation of long-term production of fossil fuels. Investigated results show that the supply constraints of fossil fuel are possible. Non-conventional fossil fuels cannot solve the supply constraints of fossil fuels. Fossil fuel constraints could lower the upper-bound of climate change considerably. Abstract: Climate projections are based on emission scenarios. The emission scenarios used by the IPCC and by mainstream climate scientists are largely derived from the predicted demand for fossil fuels, and in our view take insufficient consideration of the constrained emissions that are likely due to the depletion of these fuels. This paper, by contrast, takes a supply-side view of CO2 emission, and generates two supply-driven emission scenarios based on a comprehensive investigation of likely long-term pathways of fossil fuel production drawn from peer-reviewed literature published since 2000. The potential rapid increases in the supply of the non-conventional fossil fuels are also investigated. Climate projections calculated in this paper indicate that the future atmospheric CO2 concentration will not exceed 610 ppm in this century; and that the increase in global surface temperature will be lower than 2.6 °C compared to pre-industrial level even if there is a significant increase in the production of non-conventional fossil fuels. Our results indicate therefore that the IPCC's climate projections overestimate the upper-bound of climate change. Furthermore, this paper shows that different production pathways of fossil fuels use, and different climate models, are the two main reasons for the significant differences in current literature on the topic.