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Methane emission reduction: An application of Fund
journal contribution
posted on 2023-06-08, 11:09 authored by Richard TolRichard Tol, Roebyem J Heintz, Petronella E M LammersMethane is, after carbon dioxide, the most important anthropogenic greenhouse gas. Governments plan to abate methane emissions. A crude set of estimates of reduction costs is included in FUND, an integrated assessment model of climate change. In a cost-benefit analysis, methane emission reduction is found to be instrumental in controlling the optimal rate of climate change. In a cost-effectiveness analysis, methane emission reduction largely replaces carbon dioxide emission reduction. Methane emission reduction reinforces the case for international cooperation in climate policy, but complicates the efficient allocation of emission reduction efforts. Methane emission reduction at the short run does not help to achieve the ultimate objective of the Framework Convention on Climate Change.
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Publication status
- Published
Journal
Climatic ChangeISSN
0165-0009Publisher
Springer VerlagExternal DOI
Issue
1-2Volume
57Page range
71-98Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-04-18Usage metrics
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