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The European Union (EU) has consistently held a prominent global position in climate governance. This paper compiles 152 climate neutrality policies issued by the European Commission (EU Commission) and employs a systematic analytical framework including "Vertical Policy Hierarchy - Horizontal Policy Path – Systematic Policy instruments" to conduct an in-depth analysis of the EU's climate neutrality policy system. This study produces several findings as follows: First, the EU's climate neutrality policy hierarchy is characterized by a structure comprising "Long-Term Planning – Specific Measures - Financial Support". Second, the EU's policy formulation process for climate neutrality emphasizes the integration of a multi-party engagement mechanism involving "Nongovernmental Level - Regional Level - National Level - Transnational Level - Supranational Level", while extensively employing a "framework-content" policy-making methodology. Third, the EU's climate neutrality governance is guided by the dual objectives of achieving a "Cleaner Energy Structure" and "Recover Ecological Environment" pursuing a broad-ranging and multi-tiered policy pathway towards climate neutrality. Fourth, the EU leverages a combined approach of mandatory measures and guiding policies to propel the climate neutrality governance process, aspiring to achieve breakthroughs in new energy technology innovation through climate neutrality governance, thereby solidifying its international standing. Moreover, this study provides an outlook on the future of the EU's climate neutrality policy governance, positing that the EU's emphasis on climate neutrality governance will remain undiminished, with a heightened focus on guiding policies and an emphasis on the roles of enterprises and the public in advancing the realization of climate neutrality. [ABSTRACT FROM AUTHOR]

The IPCC's 6th assessment report (AR6) has provided a wide range of variables and scenarios that meet climate targets of varying ambition. Many variables reported in the AR6 affect human welfare through climate change and mitigation, including but not limited to economic output, the natural environment, human health, and food and energy supply. In some of these dimensions, trade-offs exist between better performance in welfare-relevant dimensions and reaching more ambitious climate targets. Here, we apply recent advances in the theoretical multidimensional measurement of welfare, like the Human Development Index, to the AR6 database. The welfare metric is based on a welfare function approach, simple to apply, and intuitive. We apply a range of specifications of the welfare metric, aiming to derive robust rankings of climate policy targets that perform best in terms of the multidimensional welfare index. Across a large range of weights on welfare-relevant variables, we find that lower temperature is associated with higher welfare in 2100 unless there is a high weight on food supply. [ABSTRACT FROM AUTHOR]

• A CGE model elaborately depicting six CCS technologies was developed. • Impacts of four CCS incentive scenarios on decarbonization pathways were simulated. • CCS can sequester 960 ∼ 1,604 MtCO 2 annually in China by 2060 with policy incentives. • CCS incentives can reduce China's future primary energy demand by 7.7 ∼ 17.4 %. • CCS incentives can increase GDP by 5.64 ∼ 6.59 % compared to no policy scenario. Carbon capture and storage (CCS) technology, considered as a pivotal tool in mitigating climate change within the fossil energy system, particularly in China, has experienced slower development than expected. The exploration of direct incentive policies to facilitate its growth remains relatively underdeveloped. This study developed a hybrid dynamic computable general equilibrium (CGE) model to simulate the substantial impacts of CCS incentive policies on China within the context of carbon neutrality target. Two potential incentive policies, carbon emission trading system (ETS) and 45Q tax credit, were simulated, with different sectoral coverage. The results indicate that CCS technologies can reduce carbon emissions by 960 ∼ 1,604 MtCO 2 annually by 2060 through the strategic implementation of these incentive policies. The 45Q tax credit demonstrates its effectiveness in promoting early-stage research and development (R&D) and demonstration of CCS, while the ETS policy facilitates the commercial development of CCS in the later stage of development. By 2060, the implementation of CCS incentive policies could potentially result in 7.7 ∼ 17.4 % reduction in China's primary energy consumption, 71.2 ∼ 82.7 % decrease in the carbon price of ETS and 5.64 ∼ 6.59 % increase in the GDP compared with the no-policy scenario. In addition, the sectoral output in various sectors and the welfare of urban and rural households also increase. This paper provides an important reference for the realization of China's carbon neutrality goal and the model framework can be applied to other countries. [ABSTRACT FROM AUTHOR]

• Extreme event experience links with greater willingness to pay for climate policy. • Wildfires and hurricanes have the strongest correlation with WTP. • WTP increases by $71-$106 for those who have experienced extreme events. • Extreme event experience could lead to $12 billion support/year for climate policy. We explore how extreme event experience relates to climate policy support in the U.S. We add three important yet uncommon elements to this field: we verify self-reports of extreme event experience with actual weather data; we use a willingness-to-pay measure to assess behavioral intention; and we analyze which types of extreme events have stronger impacts on WTP. People who self-report extreme weather events are willing to pay approximately $112/year more for climate mitigation policy than those who do not; people for whom those self-reports match recorded data are willing to pay $106 or $71 more (controlling for climate beliefs and political ideology and depending on how unverified reporters are treated). Wildfires have the strongest influence on WTP. Though our results show that political ideology correlates more strongly with policy support than does extreme event experience, extreme event experience exhibits a robust correlation with policy support, and could result in a minimum of billions of dollars of support annually for clean-energy policy alone. [ABSTRACT FROM AUTHOR]