The Temporal Aspects of the Social Cost of Greenhouse Gases
2016 (English)Report (Other academic)
The purpose of this study is to investigate the temporal aspects of the social cost of greenhouse gases (GHGs). I am particularly interested in the interaction between time of emissions, discounting, and type of GHG (where different GHGs have different atmospheric lifetimes). I show graphically how the social costs of GHGs depend on different parameter values and how the global damage potential for methane and sulfur hexafluoride evolves over time. I find that that the calculation period ultimately should be modeled to be consistent with the discount rate and that the "global-warming potential" concept is unsuitable for calculating of the social cost of GHGs other than carbon dioxide.
Place, publisher, year, edition, pages
Örebro: Örebro University , 2016. , 13 p.
Working Papers, School of Business, ISSN 1403-0586 ; 3/2012
Cost-benefit analysis; Discount rates; Emissions pricing; Global warming potential potential
Research subject Economics
IdentifiersURN: urn:nbn:se:oru:diva-50475OAI: oai:DiVA.org:oru-50475DiVA: diva2:931603
Revised February 20162016-05-302016-05-302016-05-30Bibliographically approved