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What is the Price of Carbon? Five definitions

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  • Minh Ha-Duong

    (CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

Abstract

What is the value of a tonne of CO2 that has not been emitted into the atmosphere, or in other words, the carbon price? It all depends on what you mean by value! The purpose of this note is to elucidate and illustrate five frequently used definitions of the carbon price for one tonne of carbon (as in carbon dioxide) avoided: 1. The expected mitigation of climate-change damage, 2. The cost of reducing CO2 emissions, 3. The social cost of carbon, 4. The politically negotiated value and 5. CO2 market prices.

Suggested Citation

  • Minh Ha-Duong, 2009. "What is the Price of Carbon? Five definitions," Post-Print halshs-00451715, HAL.
    • Handle: RePEc:hal:journl:halshs-00451715
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00451715
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    Cited by:

    1. Berre, David & Boussemart, Jean-Philippe & Leleu, Hervé & Tillard, Emmanuel, 2013. "Economic value of greenhouse gases and nitrogen surpluses: Society vs farmers’ valuation," European Journal of Operational Research, Elsevier, vol. 226(2), pages 325-331.
    2. Giuseppe Tattara, 2013. "? solo la punta dell'iceberg! Costi e ricavi del crocierismo a venezia," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 0(3), pages 136-166.

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    Keywords

    price; CO2;

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