2019
DOI: 10.1021/acs.est.9b00514
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Time Value of Greenhouse Gas Emissions in Life Cycle Assessment and Techno-Economic Analysis

Abstract: Life cycle assessment is a fundamental tool used to evaluate the environmental impact of products. Standard life cycle assessment methodology ignores the impact of greenhouse gases relative to when they are emitted. In this paper, we present a method for leveraging the social cost of greenhouse gases to account for the temporal impacts of emissions in life cycle assessment and techno-economics. To demonstrate, we use this method to analyze the present value of the monetized impacts of emissions across multiple… Show more

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Cited by 24 publications
(29 citation statements)
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“…The former is employed to purchase equipment, piping, electrical, buildings, land, etc. In general, the equipment investment (EI) greatly determines the fixed and total capital investments [31]. The cost of equipment is estimated via Equation (16).…”
Section: Comparison Of Total Capital Investmentmentioning
confidence: 99%
“…The former is employed to purchase equipment, piping, electrical, buildings, land, etc. In general, the equipment investment (EI) greatly determines the fixed and total capital investments [31]. The cost of equipment is estimated via Equation (16).…”
Section: Comparison Of Total Capital Investmentmentioning
confidence: 99%
“…The corresponding lost potential service times (LPST) for these time horizons are illustrated. The ST and LPST at the time horizon of 25 years are not depicted Selecting the time horizon for the assessment must be done carefully, since it has implications on which generation is to be preferentially protected from environmental damage (Dyckhoff & Kasah, 2014;Sproul et al, 2019). Indeed, different stakeholders might be interested in various time horizons depending on what they value and on their beliefs about the adaptation potential of future societies (e.g., through technological developments) (Hofstetter, 1998).…”
Section: F I G U R Ementioning
confidence: 99%
“…GHG emission discounting is another important but yetunderutilized policy tool to deal with temporal differences in GHG emission reductions between analyzed scenarios (Timmons et al, 2016;Sproul et al, 2019;Bachmann, 2020). Considering the urgency to reduce near-term GHG emissions to avert catastrophic climate change, near-term GHG emission for methane (Mythe et al, 2013), and an electric conversion efficiency of 38.6% (European Commission, 2016).…”
Section: Improving Bioenergy Systems Emissions Profilesmentioning
confidence: 99%