Abatement Options: Phasing Out Fossil Energy

This lecture discusses various abatement options and instruments aimed at reducing CO2 emissions, particularly in the context of fossil energy. The instructor emphasizes the multitude of sources and actors contributing to CO2 emissions, highlighting the need for diverse measures to achieve effective reductions. Examples from the automotive sector illustrate practical strategies such as eco-driving, choosing energy-efficient vehicles, and promoting public transport. The lecture also examines the cost-effectiveness of different abatement measures, presenting data on the cost per tonne of CO2 avoided. The instructor references studies, including those by McKinsey & Co, to illustrate the potential for significant emissions reductions at low or negative costs. The discussion extends to the complexities of decision-making regarding which measures to implement, considering both financial and non-financial factors. Ultimately, the lecture advocates for prioritizing low-cost, high-impact measures to maximize emissions reductions while minimizing economic burdens on individuals and businesses.