IDEAS home Printed from https://ideas.repec.org/a/aen/journl/1992v13-01-a02.html
   My bibliography  Save this article

Comparing the Effects of Greenhouse Gas Emissions on Global Warming

Author

Listed:
  • Richard S. Eckaus

Abstract

This paper analyses the usefulness as a policy tool of a physical index of radiative forcing of a greenhouse gas, the Global Warming Potential (GWP), as proposed by the Intergovernmental Panel on Climate Change. It is shown that the economic opportunity costs of an increment in radiative forcing will vary over time, while the GWP implicitly sets these costs equal. The GWP can, therefore, play no role in policy making.

Suggested Citation

  • Richard S. Eckaus, 1992. "Comparing the Effects of Greenhouse Gas Emissions on Global Warming," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 25-36.
    • Handle: RePEc:aen:journl:1992v13-01-a02
    as

    Download full text from publisher

    File URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1056
    Download Restriction: Access to full text is restricted to IAEE members and subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Solomon, Barry D., 1999. "New directions in emissions trading: the potential contribution of new institutional economics," Ecological Economics, Elsevier, vol. 30(3), pages 371-387, September.
    2. David Lutz & Richard Howarth, 2014. "Valuing albedo as an ecosystem service: implications for forest management," Climatic Change, Springer, vol. 124(1), pages 53-63, May.
    3. Waldhoff, Stephanie & Anthoff, David & Rose, Steven K. & Tol, Richard S. J., 2014. "The marginal damage costs of different greenhouse gases: An application of FUND," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 8, pages 1-33.
    4. Kandlikar, Milind, 1996. "Indices for comparing greenhouse gas emissions: integrating science and economics," Energy Economics, Elsevier, vol. 18(4), pages 265-281, October.
    5. Daniel Johansson, 2012. "Economics- and physical-based metrics for comparing greenhouse gases," Climatic Change, Springer, vol. 110(1), pages 123-141, January.
    6. Kandlikar, Milind, 1995. "The relative role of trace gas emissions in greenhouse abatement policies," Energy Policy, Elsevier, vol. 23(10), pages 879-883, October.
    7. Katsumasa Tanaka & Richard S.J. Tol & Dmitry Rokityanskiy & Brian C. O'Neill & Michael Obersteiner, 2006. "Evaluating Global Warming Potentials as Historical Temperature Proxies: an application of ACC2 Inverse Calculation," Working Papers FNU-118, Research unit Sustainability and Global Change, Hamburg University, revised Sep 2006.
    8. Rautiainen, Aapo & Lintunen, Jussi, 2017. "Social Cost of Forcing: A Basis for Pricing All Forcing Agents," Ecological Economics, Elsevier, vol. 133(C), pages 42-51.
    9. Tol, Richard S. J. & Berntsen, Terje K. & O'Neill, Brian C. & Fuglestvedt, Jan S. & Shine, Keith P. & Balkanski, Yves & Makra, Laszlo, 2008. "Metrics for Aggregating the Climate Effect of Different Emissions: A Unifying Framework," Papers WP257, Economic and Social Research Institute (ESRI).
    10. Shaahid, S.M. & Elhadidy, M.A., 1994. "Wind and solar energy at Dhahran, Saudi Arabia," Renewable Energy, Elsevier, vol. 4(4), pages 441-445.
    11. Linda Sygna & Jan Fuglestvedt & H. Aaheim, 2002. "The adequacy of GWPs as indicators of damage costsincurred by global warming," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 7(1), pages 45-62, March.
    12. Steven Smith & Joseph Karas & Jae Edmonds & Jiyong Eom & Andrew Mizrahi, 2013. "Sensitivity of multi-gas climate policy to emission metrics," Climatic Change, Springer, vol. 117(4), pages 663-675, April.
    13. Morgan R. Edwards & Jessika E. Trancik, 2022. "Consequences of equivalency metric design for energy transitions and climate change," Climatic Change, Springer, vol. 175(1), pages 1-27, November.
    14. John Reilly & Kenneth Richards, 1993. "Climate change damage and the trace gas index issue," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(1), pages 41-61, February.
    15. Lintunen, Jussi & Rautiainen, Aapo, 2021. "On physical and social-cost-based CO2 equivalents for transient albedo-induced forcing," Ecological Economics, Elsevier, vol. 190(C).

    More about this item

    JEL classification:

    • F0 - International Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aen:journl:1992v13-01-a02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: David Williams (email available below). General contact details of provider: https://edirc.repec.org/data/iaeeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.