Dynamics of Carbon Sequestration and Measures of Cost-Effectiveness, The
探讨了碳封存成本效益度量中三个关键因素(研究期、封存路径、折现率)如何影响度量结果,并通过实证说明这些因素对跨研究比较一致性的影响。
The cost-effectiveness of carbon sequestration alternatives has often been discussed in the economics literature on sequestration. Average or marginal costs and annual carbon supply curves are often used as measures of cost-effectiveness. Sequestration is inherently a temporal process and how time is accounted for in the various measures of cost-effectiveness is critical for appropriate cross-study comparisons. I examine three factors that affect the magnitude of measured cost-effectiveness: the study period, the sequestration path, and the discount rate if discounting is used. The extent to which these factors affect the consistency of cross-study comparisons is empirically illustrated.