Temporal Aspects of the Social Cost of Greenhouse Gases

Disa Thureson (disa.thureson@vti.se)
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Disa Thureson: Department of Business, Economics, Statistics and Informatics, Postal: Örebro University, Swedish Business School, SE - 701 82 ÖREBRO, Sweden, and VTI – The Swedish National Road and Transport Research Institute, Teknikringen 10, SE-102 15 Stockholm, Sweden
Authors registered in the RePEc Author Service: Chris Hope

No 2012:3, Working Papers from Örebro University, School of Business

Abstract: 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.

Keywords: Cost benefit analysis; Discount rates; Emissions pricing; Global warming potential (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2012-02-27, Revised 2016-02-01
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (1)

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