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

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...

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Main Authors: Sarkar, Md. Sujahangir Kabir, Al-Amin, Abul Quasem, Filho, Walter Leal
Format: Article
Published: Springer Verlag 2019
Subjects:
H Social Sciences (General)
HD28 Management. Industrial Management
Online Access:http://eprints.utm.my/id/eprint/87794/
http://dx.doi.org/10.1007/s11356-018-3947-1
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spelling my.utm.877942020-11-30T13:20:49Z http://eprints.utm.my/id/eprint/87794/ Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050 Sarkar, Md. Sujahangir Kabir Al-Amin, Abul Quasem Filho, Walter Leal H Social Sciences (General) HD28 Management. Industrial Management 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. Springer Verlag 2019-02-28 Article PeerReviewed Sarkar, Md. Sujahangir Kabir and Al-Amin, Abul Quasem and Filho, Walter Leal (2019) Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050. Environmental Science and Pollution Research, 26 (6). pp. 6000-6013. ISSN 0944-1344 http://dx.doi.org/10.1007/s11356-018-3947-1 DOI:10.1007/s11356-018-3947-1
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic H Social Sciences (General)
HD28 Management. Industrial Management
spellingShingle H Social Sciences (General)
HD28 Management. Industrial Management
Sarkar, Md. Sujahangir Kabir
Al-Amin, Abul Quasem
Filho, Walter Leal
Revisiting the social cost of carbon after INDC implementation in Malaysia: 2050
description 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.
format Article
author Sarkar, Md. Sujahangir Kabir
Al-Amin, Abul Quasem
Filho, Walter Leal
author_facet Sarkar, Md. Sujahangir Kabir
Al-Amin, Abul Quasem
Filho, Walter Leal
author_sort Sarkar, Md. Sujahangir Kabir
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 2019
url http://eprints.utm.my/id/eprint/87794/
http://dx.doi.org/10.1007/s11356-018-3947-1
_version_ 1685578990247477248
score 13.211869

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