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dc.contributor.advisorTohmo, Timo
dc.contributor.authorTorniainen, Sami
dc.date.accessioned2016-05-28T21:13:10Z
dc.date.available2016-05-28T21:13:10Z
dc.date.issued2016
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/49967
dc.description.abstractSocial cost of carbon (SCC) is the key concept in the economics of climate change. It measures the economic cost of climate impacts. SCC has influence on how beneficial it is to prevent climate change: if the value of SCC increases, investments to low-carbon technology become more attractive and profitable. This paper examines the sensitivity of two important assumptions that affect to SCC: the choice of a discount rate and time horizon. Using the integrated assessment model, we calculate SCC estimates with multiple discount rates and various time horizon lengths. Our results show that discount rate and time horizon have great effect on SCC. For example, the SCC estimates are drastically reduced under the use of a 10% discount rate versus 1% discount rate. Or, when dropping the end year of time horizon from 2300 to 2150, the SCC values decrease by average 12.8% per year. We conclude that if choosing different values of discount rate or time horizon, the outcome of the integrated assessment models can vary greatly.en
dc.format.extent30
dc.language.isoeng
dc.rightsThis publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.en
dc.rightsJulkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty.fi
dc.subject.otherSocial cost of carbon
dc.subject.otherclimate change
dc.subject.otherdiscount rate
dc.subject.othertime horizon
dc.subject.otherintegrated assessment models
dc.titleEconomics of climate change : sensitivity analysis of social cost of carbon
dc.identifier.urnURN:NBN:fi:jyu-201605292740
dc.type.dcmitypeTexten
dc.type.ontasotKandidaatintutkielmafi
dc.type.ontasotBachelor's thesisen
dc.contributor.tiedekuntaJyväskylän yliopiston kauppakorkeakoulufi
dc.contributor.tiedekuntaJyväskylä University School of Business and Economicsen
dc.contributor.laitosTaloustieteetfi
dc.contributor.yliopistoUniversity of Jyväskyläen
dc.contributor.yliopistoJyväskylän yliopistofi
dc.contributor.oppiaineKansantaloustiedefi
dc.date.updated2016-05-28T21:13:11Z
dc.rights.accesslevelopenAccessfi


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