The applicability of marginal abatement cost approach: A comprehensive review

Huang, Shihping Kevin; Kuo, Lopin; Chou, Kuei-Lan

doi:10.1016/j.jclepro.2016.04.013

Cited by 84 publications

(63 citation statements)

References 81 publications

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“…As applied here, MAC curves are used to assess the economic trade-offs required for a nation to reach a specific level of GHG emission. They contribute to understanding the complex balance between mitigating climate change and economic development and to putting priorities on mitigation options (Huang et al, 2016). They are not without limitations, however, and this requires caution in interpreting their results when they are used to inform decision-making.…”

Section: Limitations Of Mac Curves For Decision Making Regarding Mitimentioning

confidence: 99%

Reviewing Vietnam's Nationally Determined Contribution: A New Perspective Using the Marginal Cost of Abatement

Carbonari

Grosjean

Läderach

et al. 2019

Front. Sustain. Food Syst.

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Section: Limitations Of Mac Curves For Decision Making Regarding Mitimentioning

confidence: 99%

Reviewing Vietnam's Nationally Determined Contribution: A New Perspective Using the Marginal Cost of Abatement

Carbonari

Grosjean

Läderach

et al. 2019

Front. Sustain. Food Syst.

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“…Supply curves based on the individual assessment of abatement measures suffer from additional shortcomings such as not considering interactions, non-economic costs, and behavioral changes, as well as incorrect counting of benefits, and inconsistent baselines [66]. It has been suggested that supply curves be used more for comparisons of alternatives than for quantifying cumulative progress to abatement [67]. The ability of supply curves to predict future abatement has been critiqued because of the lack of considerations of longer-term changes in markets driven by consumer changes, the timing of policy actions, actions taken by other actors in the market, and changes in future technologies [68].…”

Section: Summary and Critiques Of Supply Curvesmentioning

confidence: 99%

Life Cycle Assessment for Transportation Infrastructure Policy Evaluation and Procurement for State and Local Governments

et al. 2019

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Climate change is one of the defining challenges of our time, and achieving mitigation targets requires urgent action to identify and implement strategies for reducing greenhouse gas (GHG) emissions. However, identifying, quantifying, and then selecting among the many possible strategies to achieve GHG reductions is difficult, especially without a standardized approach for comparison. Presenting alternatives in a mitigation supply curve is an approach that has been used previously to compare the costs and magnitude of mitigation potential for different strategies. Some of the critiques of this approach include the lack of a consequential perspective in determining mitigation and the lack of a life cycle perspective in quantifying mitigation and economic costs. This research uses the principles of consequential life cycle assessment and life cycle cost analysis to improve on the mitigation supply curve concept to support evaluation and procurement decisions for transportation infrastructure. Results from pilot studies for road infrastructure indicate that a consequential life cycle approach for mitigation supply curves is feasible and can support agency decision-making and communication regarding those decisions.

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“…CO 2 shadow price can be defined as the opportunity cost of output loss when an additional unit of CO 2 is reduced under a certain technology [4], as estimated with the micro production efficiency model. Given the detailed technology and economic constraints, this type of model defines a set of production possibilities, then reduces CO 2 emissions and captures the opportunity costs.…”

Section: Literature Reviewmentioning

confidence: 99%

Estimating Regional Shadow Prices of CO2 in China: A Directional Environmental Production Frontier Approach

Lin

2019

Sustainability

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Shadow price of carbon dioxide (CO2) plays a fundamental role in evaluating CO2 abatement cost and formulating regional environmental policies. In this study, CO2 shadow prices are estimated in 29 provinces of China from 2006 to 2015. Directional Environmental Production Frontier Function (DEPFF) measures the distance between actual production points and the effective production frontier surface, which yields the shadow prices of CO2 emission. With the relationship between CO2 emission and Gross Domestic Product (GDP) growth which is encapsulated in the shadow price, the provinces are classified into three groups: acceleration zone, buffer zone, and deceleration zone. The acceleration zone is characterized by a smaller emission growth driving a greater economic growth, and the provincial average price of CO2 is 184.16 US$/ton. In the buffer zone, a significant emission increase brings about less economic growth with the average shadow price at 86.57 US$/ton. In the deceleration zone, a high growth rate of CO2 emissions is accompanied with an economic output decrease, which implies that the shadow price of CO2 should be negative, and the mean value is −200.7 US$/ton. As the CO2 abatement potential differs significantly across provinces, the environmental policy and CO2 reduction targets should be region-specific.

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The applicability of marginal abatement cost approach: A comprehensive review

Cited by 84 publications

References 81 publications

Reviewing Vietnam's Nationally Determined Contribution: A New Perspective Using the Marginal Cost of Abatement

Reviewing Vietnam's Nationally Determined Contribution: A New Perspective Using the Marginal Cost of Abatement

Life Cycle Assessment for Transportation Infrastructure Policy Evaluation and Procurement for State and Local Governments

Estimating Regional Shadow Prices of CO2 in China: A Directional Environmental Production Frontier Approach

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