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Comparing greenhouse gases for policy purposes

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dc.contributor.author Schmalensee, Richard en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. en_US
dc.date.accessioned 2009-12-15T23:59:15Z
dc.date.available 2009-12-15T23:59:15Z
dc.date.issued 1993 en_US
dc.identifier 93004 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/50196
dc.description.abstract In order to derive optimal policies for greenhouse gas emissions control, the discounted marginal damages of emissions of different gases must be compared. The greenhouse warming potential (GWP) index, which is most often used to compare greenhouse gases, is not based on such a damage comparison. This essay presents assumptions under which ratios of gas-specific discounted marginal damages reduce to ratios of discounted marginal contributions to radiative forcing, where the discount rate is the difference between the discount rate relevant to climate-related damages and the rate of growth of marginal climate-related damages over time. If there are important gas-specific costs or benefits not tied to radiative forcing, however, such as direct effects of carbon dioxide on plant growth, there is in general no shortcut around explicit comparison of discounted net marginal damages. en_US
dc.description.sponsorship Supported by the MIT Center for Energy and Environmental Policy Research. en_US
dc.format.extent 15 p en_US
dc.publisher MIT Center for Energy and Environmental Policy Research en_US
dc.relation.ispartofseries MIT-CEEPR (Series) ; 93-004WP. en_US
dc.title Comparing greenhouse gases for policy purposes en_US
dc.type Working Paper en_US
dc.identifier.oclc 35719695 en_US


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