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The marginal impacts of CO 2 , CH 4 and SF 6 emissions

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  • Chris W. Hope

Abstract

A new version of the PAGE model, PAGE2002, has been used to calculate the marginal impacts of CO 2 , CH 4 and SF 6 emissions based on Scenario A2 of the IPCC. The mean marginal impact of CO 2 is found to be US$19 per tonne of carbon (or about US$5 per tonne of CO 2 ), for methane it is US$105 per tonne, and for SF 6 it is US$200,000 per tonne. For each gas, the range between the 5% and 95% points is about an order of magnitude. The climate change impacts of methane are a significant proportion of its market price, and for SF 6 the climate change impacts are much larger than the market price. The economics of schemes to reduce the leakage of SF 6 are transformed once the climate change impacts are properly counted.

Suggested Citation

  • Chris W. Hope, 2006. "The marginal impacts of CO 2 , CH 4 and SF 6 emissions," Climate Policy, Taylor & Francis Journals, vol. 6(5), pages 537-544, September.
    • Handle: RePEc:taf:tcpoxx:v:6:y:2006:i:5:p:537-544
    DOI: 10.1080/14693062.2006.9685619
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    Cited by:

    1. N. Arnell & S. Brown & S. Gosling & J. Hinkel & C. Huntingford & B. Lloyd-Hughes & J. Lowe & T. Osborn & R. Nicholls & P. Zelazowski, 2016. "Global-scale climate impact functions: the relationship between climate forcing and impact," Climatic Change, Springer, vol. 134(3), pages 475-487, February.
    2. Dmitry Yumashev & Karel Hussen & Johan Gille & Gail Whiteman, 2017. "Towards a balanced view of Arctic shipping: estimating economic impacts of emissions from increased traffic on the Northern Sea Route," Climatic Change, Springer, vol. 143(1), pages 143-155, July.
    3. Zhang, Hong & Jin, Gui & Zhang, Zhengyu, 2021. "Coupling system of carbon emission and social economy: A review," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    4. Christian Azar & Jorge García Martín & Daniel JA. Johansson & Thomas Sterner, 2023. "The social cost of methane," Climatic Change, Springer, vol. 176(6), pages 1-22, June.
    5. 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.
    6. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    7. Richard S. J. Tol, 2021. "Estimates of the social cost of carbon have increased over time," Papers 2105.03656, arXiv.org, revised Aug 2022.
    8. Miftakhova, Alena, 2021. "Global sensitivity analysis for optimal climate policies: Finding what truly matters," Economic Modelling, Elsevier, vol. 105(C).
    9. Zhao, Jiafei & Song, Yongchen & Lim, Xin-Le & Lam, Wei-Haur, 2017. "Opportunities and challenges of gas hydrate policies with consideration of environmental impacts," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 875-885.

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