THE TIME VALUE OF CARBON IN BOTTOM-UP STUDIES

Authors
RICHARDS KR
Citation
Kr. Richards, THE TIME VALUE OF CARBON IN BOTTOM-UP STUDIES, Critical reviews in environmental science and technology, 27, 1997, pp. 279-292
Citations number
3
Journal title
Critical reviews in environmental science and technology → ACNP
ISSN journal
10643389
Volume
27
Year of publication
1997
Pages
279 - 292
Database
ISI
SICI code
1064-3389(1997)27:<279:TTVOCI>2.0.ZU;2-E
Abstract
In many climate change mitigation cost-effectiveness studies that do n ot develop endogenous shadow prices for the value of carbon it is nece ssary to determine the time value of reductions in carbon dioxide emis sions. This paper examines the implications for the time value of carb on of exogenously specifying (2) the path of marginal damages over tim e, (2) the path of emissions over time, and (3) that the emissions pat h follow an optimal trajectory over time.