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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Bibliographic Details
Main Author: Gschnaller, Sandra
Format: Report
Language:English
Published: Munich: ifo Institute - Leibniz Institute for Economic Research at the University of Munich 2020
Subjects:
jel:O13
jel:Q15
jel:Q58
social cost of carbon
climate change
Greenland ice sheet
snow albedo feedback
tipping
Greenland
Ice Sheet
Online Access:https://www.econstor.eu/bitstream/10419/222853/1/1725929864.pdf
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spelling ftleibnizopen:oai:oai.leibnizopen.de:NVu38IgBdbrxVwz6cSn7 2023-07-16T03:58:40+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 2023-06-25T23:21:23Z 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_ 1771545914835468288

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