Journal Articles

A case study on project-level CO2 mitigation costs in industrialised countries: the Climate Cent Foundation in Switzerland

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This paper analyses CO2 emissions reduction costs based on project data from the Climate Cent Foundation (CCF), a climate policy instrument in Switzerland. Four conclusions are drawn. First, for the projects investigated, the CCF on average pays €63/ton. Due to the Kyoto Protocol, the CCF buys reductions only until 2012. This cut-off increases reported per ton reduction costs, as the additional lifetime project costs are set in relation to reductions only until 2012, rather than to reductions realised over the whole lifetime. Lifetime reduction costs are €45/t. Second, correlation between CCF's payments and lifetime reduction costs per ton is low. Projects with low per ton reduction costs should thus be identified based on lifetime per ton reduction costs. Third, the wide range of project costs per ton observed casts doubts on the widely used identification of the merit order of reduction measures based on average per ton costs for technology types. Finally, the CCF covers only a fraction of additional reduction costs. Decisions to take reduction efforts thus depend on additional, non-observable and/or non-economic motives. Any generalisation of results has to consider that this analysis is based on prospective costs of a sub-sample of projects in Switzerland.

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Detail Information

Series Title

Journal of Environmental Planning and Management

Call Number

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Publisher

United Kingdom : Routledge Taylor & Francis Group., 2010

Collation

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Language

English

ISBN/ISSN

09640568

Classification

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Content Type

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Media Type

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Carrier Type

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Edition

Volume 53, Issue 5 July 2010 , pages 657 - 676

Subject(s)

Climate Cent Foundation
Climate policy
Emissions reduction
Mitigation costs

Specific Detail Info

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Statement of Responsibility

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