The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon
I extend the reduced Greenland ice sheet (GIS) model-module of DICE-GIS (Nordhaus, 2019) by integrating snow-albedo feedback (SAF) and potential tipping of the ice sheet into the resuming DICE-GIS SAF model. This novel model extension allows to quantify the social cost of carbon (SCC) more precisely...
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Munich: ifo Institute - Leibniz Institute for Economic Research at the University of Munich
2020
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Online Access: | https://www.econstor.eu/bitstream/10419/222853/1/1725929864.pdf |
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ftleibnizopen:oai:oai.leibnizopen.de:4HXcXIkBdbrxVwz6lqII 2023-07-30T04:03:45+02:00 The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon Gschnaller, Sandra 2020 https://www.econstor.eu/bitstream/10419/222853/1/1725929864.pdf eng eng Munich: ifo Institute - Leibniz Institute for Economic Research at the University of Munich http://www.econstor.eu/dspace/Nutzungsbedingungen jel:O13 jel:Q15 jel:Q58 social cost of carbon climate change Greenland ice sheet snow albedo feedback tipping Working Paper 2020 ftleibnizopen 2023-07-16T23:30:29Z I extend the reduced Greenland ice sheet (GIS) model-module of DICE-GIS (Nordhaus, 2019) by integrating snow-albedo feedback (SAF) and potential tipping of the ice sheet into the resuming DICE-GIS SAF model. This novel model extension allows to quantify the social cost of carbon (SCC) more precisely because the economic damages are not only related to intensified sea level rise, but also an accelerated increase in global temperature. Accounting for the SAF raises the SCC from 274.92 to 319.67 $/tCO2 in 2100, an increase of 16.3%. The temperature increase is the key channel through which the SAF impacts the SCC. Report Greenland Ice Sheet LeibnizOpen (The Leibniz Association) Greenland |
institution |
Open Polar |
collection |
LeibnizOpen (The Leibniz Association) |
op_collection_id |
ftleibnizopen |
language |
English |
topic |
jel:O13 jel:Q15 jel:Q58 social cost of carbon climate change Greenland ice sheet snow albedo feedback tipping |
spellingShingle |
jel:O13 jel:Q15 jel:Q58 social cost of carbon climate change Greenland ice sheet snow albedo feedback tipping Gschnaller, Sandra The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon |
topic_facet |
jel:O13 jel:Q15 jel:Q58 social cost of carbon climate change Greenland ice sheet snow albedo feedback tipping |
description |
I extend the reduced Greenland ice sheet (GIS) model-module of DICE-GIS (Nordhaus, 2019) by integrating snow-albedo feedback (SAF) and potential tipping of the ice sheet into the resuming DICE-GIS SAF model. This novel model extension allows to quantify the social cost of carbon (SCC) more precisely because the economic damages are not only related to intensified sea level rise, but also an accelerated increase in global temperature. Accounting for the SAF raises the SCC from 274.92 to 319.67 $/tCO2 in 2100, an increase of 16.3%. The temperature increase is the key channel through which the SAF impacts the SCC. |
format |
Report |
author |
Gschnaller, Sandra |
author_facet |
Gschnaller, Sandra |
author_sort |
Gschnaller, Sandra |
title |
The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon |
title_short |
The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon |
title_full |
The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon |
title_fullStr |
The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon |
title_full_unstemmed |
The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon |
title_sort |
albedo loss from the melting of the greenland ice sheet and the social cost of carbon |
publisher |
Munich: ifo Institute - Leibniz Institute for Economic Research at the University of Munich |
publishDate |
2020 |
url |
https://www.econstor.eu/bitstream/10419/222853/1/1725929864.pdf |
geographic |
Greenland |
geographic_facet |
Greenland |
genre |
Greenland Ice Sheet |
genre_facet |
Greenland Ice Sheet |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
_version_ |
1772814821575622656 |