Review of cost estimates for reducing CO2 emissions. Final report, Task 9
Since the ground breaking work of William Nordhaus in 1977, cost estimates for reducing CO{sub 2} emissions have been developed by numerous groups. The various studies have reported sometimes widely divergent cost estimates for reducing CO{sub 2} emissions. Some recent analyses have indicated that large reductions in CO{sub 2} emissions could be achieved at zero or negative costs (e.g. Rocky Mountain Institute 1989). In contrast, a recent study by Alan Manne of Stanford and Richard Richels of the Electric Power Research Institute (Manne-Richels 1989) concluded that in the US the total discounted costs of reducing CO{sub 2} emissions by 20 percent below the 1990 level could be as much as 3.6 trillion dollars over the period from 1990 to 2100. Costs of this order of magnitude would represent about 5 percent of US GNP. The purpose of this briefing paper is to summarize the different cost estimates for CO{sub 2} emission reduction and to identify the key issues and assumptions that underlie these cost estimates.
- Research Organization:
- ICF Resources, Inc., Fairfax, VA (United States)
- Sponsoring Organization:
- USDOE, Washington, DC (United States)
- DOE Contract Number:
- AC01-88FE61679
- OSTI ID:
- 10181336
- Report Number(s):
- DOE/FE/61679-T27; ON: DE93041334
- Resource Relation:
- Other Information: PBD: Oct 1990
- Country of Publication:
- United States
- Language:
- English
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