caa a22 4500 467917736 CHVBK 20180406152907.0 cr unu---uuuuu 170328e20060801xx s 000 0 eng 10.1007/s10584-006-9054-1 doi (NATIONALLICENCE)springer-10.1007/s10584-006-9054-1 The Cost of Using Global Warming Potentials: Analysing the Trade off Between CO2, CH4 and N2O [Elektronische Daten] [Daniel Johansson, U. Persson, Christian Azar] The metric governing the trade-off between different greenhouse gases in the Kyoto Protocol, the Global Warming Potentials (GWPs), has received ample critique from both scientific and economic points of view. Here we use an integrated climate-economic optimization model to estimate the cost-effective trade-off between CO2, CH4 and N2O when meeting a temperature stabilization target. We then estimate the increased cost from using GWPs when meeting the same temperature target. Although the efficient valuation of the gases differs significantly from their respective GWPs, the potential economic benefit of valuing them in a more correct way amounts to 3.8 percent of the overall costs of meeting the temperature stabilization target in the base case. In absolute value, this corresponds to an additional net present value cost of US$2000100 billion. To corroborate our findings we perform a Monte Carlo-analysis where several key parameters are randomly varied simultaneously. The result from this exercise shows that our main result is robust to a wide range of changes in the key parameter values, giving a median economic loss from using GWPs of 4.2 percent. Springer Science+Business Media, Inc., 2006 Johansson Daniel Department of Physical Resource Theory, Chalmers University of Technology, 412 96, Göteborg, Sweden aut Persson U. Department of Physical Resource Theory, Chalmers University of Technology, 412 96, Göteborg, Sweden aut Azar Christian Department of Physical Resource Theory, Chalmers University of Technology, 412 96, Göteborg, Sweden aut Climatic Change Kluwer Academic Publishers 77/3-4(2006-08-01), 291-309 0165-0009 77:3-4<291 2006 77 10584 https://doi.org/10.1007/s10584-006-9054-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10584-006-9054-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Johansson Daniel Department of Physical Resource Theory, Chalmers University of Technology, 412 96, Göteborg, Sweden aut NATIONALLICENCE 700 1- Persson U. Department of Physical Resource Theory, Chalmers University of Technology, 412 96, Göteborg, Sweden aut NATIONALLICENCE 700 1- Azar Christian Department of Physical Resource Theory, Chalmers University of Technology, 412 96, Göteborg, Sweden aut NATIONALLICENCE 773 0- Climatic Change Kluwer Academic Publishers 77/3-4(2006-08-01), 291-309 0165-0009 77:3-4<291 2006 77 10584 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer