Carbon dioxide emissions valuation and its uses

Christos A. Kontovas; Harilaos N. Psaraftis

Carbon dioxide emissions valuation and its uses

Christos A. Kontovas
, Harilaos N. Psaraftis

National Technical University of Athens

Research output: Contribution to conference › Paper › Research › peer-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 language	English
Publication date	2010
Number of pages	8
Publication status	Published - 2010
Externally published	Yes
Event	3rd International Symposium on Ship Operations, Management and Economics (SOME), SNAME Greek Section - Athens, Greece Duration: 7 Oct 2010 → 8 Oct 2010 Conference number: 3

Conference

Conference	3rd International Symposium on Ship Operations, Management and Economics (SOME), SNAME Greek Section
Number	3
Country/Territory	Greece
City	Athens
Period	07/10/2010 → 08/10/2010

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 14 Life Below Water

Keywords

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

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title = "Carbon dioxide emissions valuation and its uses",

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.",

keywords = "Cost of carbon dioxide, Cost benefit analysis, Cost of averting a unit mass of emissions, Marine risk assessment",

author = "Kontovas, \{Christos A.\} and Psaraftis, \{Harilaos N.\}",

year = "2010",

language = "English",

note = "3rd International Symposium on Ship Operations, Management and Economics (SOME), SNAME Greek Section ; Conference date: 07-10-2010 Through 08-10-2010",

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TY - CONF

T1 - Carbon dioxide emissions valuation and its uses

AU - Kontovas, Christos A.

AU - Psaraftis, Harilaos N.

N1 - Conference code: 3

PY - 2010

Y1 - 2010

N2 - 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.

AB - 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.

KW - Cost of carbon dioxide

KW - Cost benefit analysis

KW - Cost of averting a unit mass of emissions

KW - Marine risk assessment

M3 - Paper

T2 - 3rd International Symposium on Ship Operations, Management and Economics (SOME), SNAME Greek Section

Y2 - 7 October 2010 through 8 October 2010

ER -

Carbon dioxide emissions valuation and its uses

Abstract

Conference

UN SDGs

Keywords

Access to Document

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Cite this