Policy paper

Carbon valuation in UK policy appraisal: a revised approach

A revised approach to valuing carbon in policy appraisal; peer reviews and a government response are included.

• From: Department of Energy & Climate Change
• Published: 31 July 2009

This was published under the 2007 to 2010 Brown Labour government

Documents

Carbon valuation in UK policy appraisal: a revised approach

PDF, 1.87 MB, 128 pages

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Peer review: Paul Johnson

PDF, 302 KB, 5 pages

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Peer review: Paul Ekins

PDF, 120 KB, 4 pages

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Peer review: Paul Watkiss

PDF, 74.7 KB, 3 pages

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Peer review: Paul Watkiss

PDF, 74.7 KB, 3 pages

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Peer review: Kirk Hamilton

PDF, 44.6 KB, 1 page

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Peer review: Frank Ackerman

PDF, 236 KB, 9 pages

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Peer review: Dieter Helm

PDF, 79.1 KB, 4 pages

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Peer review: Andrew Sentance

PDF, 18.3 KB, 3 pages

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Response to the Carbon Valuation Peer Reviews

PDF, 499 KB, 14 pages

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Details

The old approach based on estimates of the social cost of carbon should be replaced with a target-consistent approach, based on estimates of the abatement costs that will need to be incurred to meet specific emissions reduction targets.

The change will have the effect of helping to ensure that the policies the government develops are consistent with the emissions reductions targets that the UK has adopted through carbon budgets, and also at an EU and UN level.

Published 31 July 2009