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Incorporating GHG Emission Costs in the Economic Appraisal of Projects Supported by State Development Agencies

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Author Info
Richard S. J. Tol () (Economic and Social Research Institute (ESRI))
Seán Lyons () (Economic and Social Research Institute (ESRI))

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Abstract

This paper sets out a methodology for updating an economic appraisal model to ensure that it takes appropriate account of costs arising from greenhouse gas emissions. While the analysis is based on the appraisal model used in Ireland, it should be broadly applicable to circumstances in any EU Member State; indeed, many features will be relevant in any jurisdiction subject to a carbon tax or participating in a carbon permit trading system.

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File URL: http://www.esri.ie/UserFiles/publications/20080604153129/WP247.pdf
File Format: application/pdf
File Function: First version, 2008
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Publisher Info
Paper provided by Economic and Social Research Institute (ESRI) in its series Papers with number WP247.

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Length: 36 pages
Date of creation: Jun 2008
Date of revision:
Handle: RePEc:esr:wpaper:wp247

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This paper has been announced in the following NEP Reports: References listed on IDEAS
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  1. David Pearce, 2003. "The Social Cost of Carbon and its Policy Implications," Oxford Review of Economic Policy, Oxford University Press, vol. 19(3), pages 362-384.
  2. Richard S.J. Tol, 2006. "Multi-Gas Emission Reduction for Climate Change Policy: An Application of Fund," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 235-250.
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  3. Samuel Fankhauser, 1994. "The Social Costs of Greenhouse Gas Emissions: An Expected Value Approach," The Energy Journal, International Association for Energy Economics, vol. 15(2), pages 157-184.
  4. Patrick Criqui & Peter Russ & Daniel Deybe, 2006. "Impacts of Multi-gas Strategies for Greenhouse Gas Emission Abatement: Insights from a Partial Equilibrium Model," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 251-274.
  5. Honohan, Patrick, 1998. "Key issues of Cost-Benefit Methodology for Irish Industrial Policy," Research Series, Economic and Social Research Institute (ESRI), number GRS172, November.
  6. John Fitz Gerald & Jonathan Hore & Ide Kearney, 2002. "A Model for Forecasting Energy Demand and Greenhouse Gas Emissions in Ireland," Papers WP146, Economic and Social Research Institute (ESRI). [Downloadable!]
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