The albedo loss from the melting of the Greenland ice sheet and the social cost of carbon

Sandra Gschnaller

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.

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Year of publication:	July 2020
Authors:	Gschnaller, Sandra
Publisher:	Munich, Germany : ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Subject:	Social cost of carbon \| climate change \| Greenland ice sheet \| snow albedo feedback \| tipping \| Klimawandel \| Climate change \| Soziale Kosten \| Social costs \| Treibhausgas-Emissionen \| Greenhouse gas emissions \| Grönland \| Greenland \| Welt \| World

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Extent:	1 Online-Ressource (circa 41 Seiten) Illustrationen
Series:	Ifo working papers. - Munich : [Verlag nicht ermittelbar], ZDB-ID 2681107-8. - Vol. 332 (2020)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/222853 [Handle]
Classification:	O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; Q15 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation ; Q58 - Government Policy
Source:	ECONIS - Online Catalogue of the ZBW

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