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The Role of Non-CO2 Greenhouse Gases and Carbon Sinks in Meeting Climate Objectives

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  • Alan S. Manne and Richard G. Richels

Abstract

When conducting a multi-gas analysis, there are distinct advantages in moving from concentrations to radiative forcing. With the former, it is customary to use Global Warming Potentials (GWPs) for making tradeoffs among greenhouse gases. A number of studies have shown the arbitrariness of this approach and have argued that tradeoffs should be based on the contribution of each gas to achieving a particular target.1 Focusing on radiative forcing bypasses the need to rely on GWPs and provides for tradeoffs among gases based on their relative value.

Suggested Citation

  • Alan S. Manne and Richard G. Richels, 2006. "The Role of Non-CO2 Greenhouse Gases and Carbon Sinks in Meeting Climate Objectives," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 393-404.
    • Handle: RePEc:aen:journl:2006se_weyant-a20
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    Cited by:

    1. Gaoxiang Gu & Zheng Wang, 2019. "The Limit of Global Carbon Tax and its Climatic and Economic Effects," Computational Economics, Springer;Society for Computational Economics, vol. 53(1), pages 169-189, January.
    2. Kuik, Onno & Brander, Luke & Tol, Richard S.J., 2009. "Marginal abatement costs of greenhouse gas emissions: A meta-analysis," Energy Policy, Elsevier, vol. 37(4), pages 1395-1403, April.
    3. Andries Hof & Chris Hope & Jason Lowe & Michael Mastrandrea & Malte Meinshausen & Detlef Vuuren, 2012. "The benefits of climate change mitigation in integrated assessment models: the role of the carbon cycle and climate component," Climatic Change, Springer, vol. 113(3), pages 897-917, August.
    4. Gu, Gaoxiang & Wang, Zheng, 2018. "China’s carbon emissions abatement under industrial restructuring by investment restriction," Structural Change and Economic Dynamics, Elsevier, vol. 47(C), pages 133-144.
    5. Gu, Gaoxiang & Wang, Zheng, 2018. "Research on global carbon abatement driven by R&D investment in the context of INDCs," Energy, Elsevier, vol. 148(C), pages 662-675.

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    JEL classification:

    • F0 - International Economics - - General

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