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Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050

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dc.citedby8
dc.contributor.authorSarkar M.S.K.en_US
dc.contributor.authorAl-Amin A.Q.en_US
dc.contributor.authorFilho W.L.en_US
dc.contributor.authorid56194109700en_US
dc.contributor.authorid23481119100en_US
dc.contributor.authorid57210792153en_US
dc.date.accessioned2023-05-29T07:26:49Z
dc.date.available2023-05-29T07:26:49Z
dc.date.issued2019
dc.descriptioncarbon emission; climate change; emission control; environmental economics; pollution tax; social participation; willingness to pay; Malaysia; carbon; carbon dioxide; carbon sequestration; climate change; economics; environmental policy; environmental protection; Malaysia; socioeconomics; Carbon; Carbon Dioxide; Carbon Sequestration; Climate Change; Conservation of Natural Resources; Environmental Policy; Malaysia; Socioeconomic Factorsen_US
dc.description.abstractThis article projects the social cost of carbon (SCC) and other related consequences of climate change by using Malaysia�s intended nationally determined contribution (INDC) and climate vision 2040 (CV2040) by 2050. It compares the projections derived from the Dynamic Integrated Model of the Climate and Economy (DICME) based on the respective INDC and CV2040 scenario. The results reveal that industrial emissions would incur a substantial increase every 5�years under the scenario CV2040, while Malaysia would experience lower industrial emissions in the coming years under the scenario INDC. Emission intensity in Malaysia will be 0.61 and 0.59�tons/capita in 2030 for scenario CV2040 and scenario INDC respectively. Malaysia would face climate damage of MYR456 billion and MYR 49 billion by 2050 under CV2040 and INDC scenario respectively. However, climate damage could be much lower if the INDC regime were adopted, as this scenario would decrease climatic impacts over time. The estimated SSC per ton of CO2 varies between MYR74 and MYR97 for scenario CV2040 and MYR44 and MYR62 for scenario INDC in 2030 and 2050 respectively. Considering different aspects, including industrial emissions, damage cost, and social cost of carbon, INDC is the best policy compared to CV2040. Thus, Malaysia could achieve its emissions reduction target by implementing INDC by 2050. � 2019, Springer-Verlag GmbH Germany, part of Springer Nature.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.1007/s11356-018-3947-1
dc.identifier.epage6013
dc.identifier.issue6
dc.identifier.scopus2-s2.0-85059595918
dc.identifier.spage6000
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85059595918&doi=10.1007%2fs11356-018-3947-1&partnerID=40&md5=102619fba7120f27b8aea900a600ec96
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/24765
dc.identifier.volume26
dc.publisherSpringer Verlagen_US
dc.relation.ispartofAll Open Access, Green
dc.sourceScopus
dc.sourcetitleEnvironmental Science and Pollution Research
dc.titleRevisiting the social cost of carbon after INDC implementation in Malaysia: 2050en_US
dc.typeArticleen_US
dspace.entity.typePublication
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