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The Design of Climate Policy$
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Roger Guesnerie and Henry Tulkens

Print publication date: 2008

Print ISBN-13: 9780262073028

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262073028.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2018. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 13 October 2019

The Global Warming Potential Paradox: Implications for the Design of Climate Policy

The Global Warming Potential Paradox: Implications for the Design of Climate Policy

Chapter:
(p.359) 17 The Global Warming Potential Paradox: Implications for the Design of Climate Policy
Source:
The Design of Climate Policy
Author(s):

Stéphane De Cara

Elodie Galko

Pierre-Alain Jayet

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262073028.003.0017

This chapter examines the shortcomings of the standard global warming potential (GWP) index used for greenhouse gases from an economic standpoint. It also presents some possible explanations for the success of the GWP over alternative indexes. The chapter also develops an analytical framework to investigate multiple greenhouse gas (multi-GHG) issues and then explores the implications of GWP-based abatement targets.

Keywords:   global warming potential, GWP, greenhouse gases, alternative indexes, multiple greenhouse gas, multi-GHG, abatement targets

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