IDEAS home Printed from https://ideas.repec.org/p/oec/envaaa/92-en.html
   My bibliography  Save this paper

Monetary Carbon Values in Policy Appraisal: An Overview of Current Practice and Key Issues

Author

Listed:
  • Stephen Smith

    (University College London)

  • Nils Axel Braathen

    (OECD)

Abstract

Cost-benefit analyses and other quantitative appraisals are used in many countries to support decision-making in different areas of public policy, including many investment projects in sectors such as transport and energy. These decisions can have significant effects – either negative or positive – on future emissions of carbon dioxide and other greenhouse gases and it is important whether, and how, countries incorporate estimates of the marginal value of changes in carbon dioxide emissions into these analyses. This paper discusses the range of approaches which can be employed to value changes in carbon emissions in policy appraisals, setting out the key issues in the choice of valuation principles, and presents some case studies and a survey of current practice in OECD countries. Les analyses coûts-avantages et d’autres évaluations quantitatives sont utilisées dans de nombreux pays pour étayer la prise de décisions dans différents domaines d’action publique, par exemple dans nombre de projets d’investissement dans les transports ou l’énergie. Ce sont des décisions qui peuvent avoir une influence notable –défavorable ou favorable – sur les émissions futures de dioxyde de carbone et d’autres gaz à effet de serre, c’est pourquoi il importe de savoir si des pays introduisent dans ces analyses des estimations de la valeur marginale des variations des émissions de dioxyde de carbone et comment ils procèdent à cet effet. Ce rapport examine les différentes approches possibles pour attacher des valeurs aux variations des émissions de carbone dans le cadre de l’évaluation des politiques, en signalant les grands problèmes que pose le choix des principes d’évaluation, et il présente quelques études de cas ainsi qu’une enquête sur les pratiques actuelles en la matière dans les pays de l’OCDE.

Suggested Citation

  • Stephen Smith & Nils Axel Braathen, 2015. "Monetary Carbon Values in Policy Appraisal: An Overview of Current Practice and Key Issues," OECD Environment Working Papers 92, OECD Publishing.
  • Handle: RePEc:oec:envaaa:92-en
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/5jrs8st3ngvh-en
    Download Restriction: no

    Citations

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


    Cited by:

    1. Ted Gayer & W. Kip Viscusi, 2016. "Determining the Proper Scope of Climate Change Policy Benefits in U.S. Regulatory Analyses: Domestic versus Global Approaches," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(2), pages 245-263.

    More about this item

    Keywords

    analyse coûts-avantages; climate change policy; cost-benefit analysis; évaluation des politiques;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:oec:envaaa:92-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/enoecfr.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.