What Value Do We Attach to Climate Action?

Quelle valeur donner à l’action pour le climat ?

Alain Quinet
Additional contact information
Alain Quinet: Commission sur la valeur tutélaire du carbone

Post-Print from HAL

Abstract: In the course of policy-making to mitigate the effects of climate change, economists seek to attach a monetary value to actual or foregone carbon emissions. Charting a long-term pathway for carbon prices involves measuring the most cost-effective way to reduce emissions, assigning value to long-term investment, and having a benchmark against which to set priori- ties. The carbon neutrality target, as set out in the 2015 Paris Agreement, calls for higher carbon values in monetary terms than those historically obtained under Factor 4 targets derived from a cost-benefit approach. This paper looks at developments in carbon values over time, with an emphasis on their underlying methodologies and the role of uncertainty in valuation. It then sets out how carbon values can be used in policy-making to mitigate the effects of climate change.

Keywords: uncertainty; irreversibility; externality; climate; carbon; irréversibilités; incertitude; externalité; climat; carbone (search for similar items in EconPapers)
Date: 2019
Note: View the original document on HAL open archive server: https://insee.hal.science/hal-05304423v1
References: Add references at CitEc
Citations:

Published in Economie et Statistique / Economics and Statistics, 2019, 510-511-512, pp.165-179. ⟨10.24187/ecostat.2019.510t.1995⟩

Downloads: (external link)
https://insee.hal.science/hal-05304423v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05304423

DOI: 10.24187/ecostat.2019.510t.1995

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().