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Asayama, S.; et al. (2019): Engineering climate debt: temperature overshoot and peak-shaving as risky subprime mortgage lending

Asayama, S.; Hulme, M. (2019): Engineering climate debt: temperature overshoot and peak-shaving as risky subprime mortgage lending. In: Climate Policy 33 (3), p. 1–10. DOI: 10.1080/14693062.2019.1623165.

"Whilst some view optimistically the strategic interdependence between SRM and CDR, we argue that this strategy comes with a risk of escalating ‘climate debt’. We explain our position using the logic of debt and the analogy of subprime mortgage lending. In overshoot and peak-shaving scenarios, the role of CDR and SRM is to compensate for delayed mitigation, placing the world in a double debt: ‘emissions debt’ and ‘temperature debt’."

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