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Carbon emission values in cost benefit analyses
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics Stockholm.
2010 (English)Report (Other academic)
Abstract [en]

New infrastructure projects may affect CO2 emissions and, thus, cost benefit analyses for these projects require a value to apply for CO2. The value may be based on the marginal social cost associated with emissions or on the shadow price resulting from present and future policies geared towards CO2 emissions. In the present paper it is argued that the social cost approach should be seen as preceding the shadow price approach. Both are thus necessary, but for cost benefit analysis of infrastructure projects we argue for the shadow price approach as the primary tool. There is a series of complications involved when applying this principle in practice. Several of these are discussed in the paper, including non-marginal projects that affect permit prices, non-transparent permit markets, different instruments capturing different aspects of a CO2-value, multiple policies present simultaneously etc.

Place, publisher, year, edition, pages
Stockholm: Statens väg- och trafikinstitut , 2010. , 20 p.
CTS Working Paper, 2010:4
Keyword [en]
Carbon dioxide, Emission, Value analysis, Estimation, Cost benefit analysis
National Category
Research subject
Road: Transport, society, policy and planning, Road: Environment
URN: urn:nbn:se:vti:diva-715OAI: diva2:669415
Available from: 2013-12-03 Created: 2013-12-03 Last updated: 2014-05-16Bibliographically approved

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Mandell, Svante
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Transport economics Stockholm

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ReferencesLink to record
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