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

carbon 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; Ca...

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Main Authors: Sarkar M.S.K., Al-Amin A.Q., Filho W.L.
Other Authors: 56194109700
Format: Article
Published: Springer Verlag 2023
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spelling my.uniten.dspace-247652023-05-29T15:26:49Z Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050 Sarkar M.S.K. Al-Amin A.Q. Filho W.L. 56194109700 23481119100 57210792153 carbon 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 Factors This 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. Final 2023-05-29T07:26:49Z 2023-05-29T07:26:49Z 2019 Article 10.1007/s11356-018-3947-1 2-s2.0-85059595918 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85059595918&doi=10.1007%2fs11356-018-3947-1&partnerID=40&md5=102619fba7120f27b8aea900a600ec96 https://irepository.uniten.edu.my/handle/123456789/24765 26 6 6000 6013 All Open Access, Green Springer Verlag Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description carbon 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 Factors
author2 56194109700
author_facet 56194109700
Sarkar M.S.K.
Al-Amin A.Q.
Filho W.L.
format Article
author Sarkar M.S.K.
Al-Amin A.Q.
Filho W.L.
spellingShingle Sarkar M.S.K.
Al-Amin A.Q.
Filho W.L.
Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050
author_sort Sarkar M.S.K.
title Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050
title_short Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050
title_full Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050
title_fullStr Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050
title_full_unstemmed Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050
title_sort revisiting the social cost of carbon after indc implementation in malaysia: 2050
publisher Springer Verlag
publishDate 2023
_version_ 1806424287861538816
score 13.222552

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