While I personally have a high regard for scientists in general, including those that contributed to AR5, I find that those who read reports like AR5 have a nasty habit of ignoring almost all of the caveats and hedges contained in such reports, and consequently they communicate rather Pollyannaish views of our current climate change risk profiles. The linked reference presents one example of this phenomena in that many of the authors of the reference contributed directly to the AR5 carbon budget, and now they issue a report (conveniently published after CoP21) stating that their high end estimates of the post-2015 carbon budget is seriously lower than the AR5 estimates, and that a large share of this reduced margin is associated with meteorological contributions as compared to human activities. This means that the CoP21 chances of success are lower than publically stated, and that AR6 should adopt tougher carbon budget goals.
Furthermore, this new updated work also errs on the side of least drama and ignores many nonlinear feedback mechanisms that could accelerate beyond current estimates within the next few decades:
Joeri Rogelj, Michiel Schaeffer, Pierre Friedlingstein, Nathan P. Gillett, Detlef P. van Vuuren, Keywan Riahi, Myles Allen & Reto Knutti (2016), "Differences between carbon budget estimates unraveled", Nature Climate Change, Volume: 6, Pages: 245–252, DOI: 10.1038/NCLIMATE2868
http://www.nature.com/nclimate/journal/v6/n3/full/nclimate2868.htmlAbstract: "Several methods exist to estimate the cumulative carbon emissions that would keep global warming to below a given temperature limit. Here we review estimates reported by the IPCC and the recent literature, and discuss the reasons underlying their differences. The most scientifically robust number — the carbon budget for CO2-induced warming only — is also the least relevant for real-world policy. Including all greenhouse gases and using methods based on scenarios that avoid instead of exceed a given temperature limit results in lower carbon budgets. For a >66% chance of limiting warming below the internationally agreed temperature limit of 2 °C relative to pre-industrial levels, the most appropriate carbon budget estimate is 590–1,240 GtCO2 from 2015 onwards. Variations within this range depend on the probability of staying below 2 °C and on end-of-century non-CO2 warming. Current CO2 emissions are about 40 GtCO2 yr−1, and global CO2 emissions thus have to be reduced urgently to keep within a 2 °C-compatible budget."
http://phys.org/news/2016-02-limit-future-climate-emissions.htmlExtract: "In a comprehensive new study published in the journal Nature Climate Change, researchers propose a limit to future greenhouse gas emissions—or carbon budget—of 590-1240 billion tons of carbon dioxide from 2015 onwards, as the most appropriate estimate for keeping warming to below 2°C, a temperature target which aims to avoid the most dangerous impacts of climate change.
The study finds that the available budget is on the low end of the spectrum compared to previous estimates—which ranged from 590 to 2390 billion tons of carbon dioxide for the same time period—lending further urgency to the need to address climate change.
"In order to have a reasonable chance of keeping global warming below 2°C, we can only emit a certain amount of carbon dioxide, ever. That's our carbon budget," says IIASA researcher Joeri Rogelj, who led the study. "This has been known for about a decade and the physics behind this concept are well-understood, but many different factors can lead to carbon budgets that are either slightly smaller or slightly larger. We wanted to understand these differences, and provide clarity on the issue for policymakers and the public."
"This study shows that in some cases we have been overestimating the available budget by 50 to more than 200%. At the high end, this is a difference of more than 1000 billion tons of carbon dioxide," says Rogelj.
Estimates for a carbon budget consistent with the 2°C target have varied widely. The new study provides a comprehensive analysis of these differences. The researchers identified that the variation in carbon budgets stemmed from differences in scenarios and methods, and the inclusion of other human activities that can affect the climate, for example the release of other greenhouse gases like methane. Previous research suggested that the varying contribution of other human activities would be the main reason for carbon budget variations, but surprisingly, the study now finds that methodological differences contribute at least as much."