Carbon dioxide emissions valuation and its uses

Christos A. Kontovas, Harilaos N. Psaraftis

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

The purpose of this paper is to elucidate the frequently used definitions of the carbon price for one tonne of carbon dioxide avoided or reduced. This per unit cost plays an important role in estimating the benefit of avoiding greenhouse gas emissions or estimating the damage occurred when such gases are emitted. The economic valuation of carbon is essential for various purposes: designating environmental policies like optimal taxes and evaluating the economic efficiency of projects. Furthermore, the disutility cost can be used in cost benefit analysis and therefore in risk assessment. A framework called Formal Safety Assessment (FSA) is currently, the major risk assessment tool that is being used for policy-making within the International Maritime Organization (IMO). Therefore the work can also be also viewed within the framework of FSA, Cost-Benefit Analysis and similar risk assessment and policy evaluation analyses.
Original languageEnglish
Publication date2010
Number of pages8
Publication statusPublished - 2010
Externally publishedYes
Event3rd International Symposium on Ship Operations, Management and Economics (SOME), SNAME Greek Section - Athens, Greece
Duration: 7 Oct 20108 Oct 2010
Conference number: 3

Conference

Conference3rd International Symposium on Ship Operations, Management and Economics (SOME), SNAME Greek Section
Number3
CountryGreece
CityAthens
Period07/10/201008/10/2010

Keywords

  • Cost of carbon dioxide
  • Cost benefit analysis
  • Cost of averting a unit mass of emissions
  • Marine risk assessment

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