Adapting Transport Policy to Climate Change Carbon Valuation, Risk and Uncertainty

Transport accounts for nearly a quarter of carbon dioxide emissions from fuel combustion. The price attached to these emissions is critical to climate policies and emissions mitigation efforts in the sector. As the impact of emissions on climate does not depend on where CO2 is released, the price of...

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Bibliographic Details
Corporate Author: International Transport Forum
Format: eBook
Language:English
Published: Paris OECD Publishing 2015
Series:ITF Research Reports
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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505 0 |a Abbreviations -- Summary and recommendations -- Estimating the social cost of CO2 emissions -- Discounting long-term effects of climate change for transport -- Carbon value and discount rates in Japan -- Carbon value and discount rates in Germany -- Executive summary -- Challenges for including climate change effects in transport appraisal -- Uncertainty and transport appraisal of climate change effects -- List of participants -- Carbon value and discount rates in the Netherlands 
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520 |a Transport accounts for nearly a quarter of carbon dioxide emissions from fuel combustion. The price attached to these emissions is critical to climate policies and emissions mitigation efforts in the sector. As the impact of emissions on climate does not depend on where CO2 is released, the price of carbon should be uniform. In reality, however, it varies immensely, reflecting the complexity of assessing climate impacts. This report reviews the three key challenges in considering the effects of carbon dioxide emissions in economic appraisal: the valuation of carbon dioxide emissions, the treatment of uncertainty in climate change and the approach used to discounting future costs and benefits. The report reviews current approaches in selected countries (France, Germany, Japan, The Netherlands, New Zealand, Norway, Sweden, the United Kingdom and the United States) and provides examples of good practice and recommendations for national and international policy making.