Author:Liou, Je-Liang and Wu, Pei-Ing
Abstract:This study applies the integrated assessment process to simulate the country-level social cost of carbon for Taiwan. According to the simulation results, the estimated social cost of carbon on Taiwan under different combination scenarios is between $US 0.37 and $US 1.32 per ton CO2e. Compared with neighboring countries, Taiwan’s social cost of carbon are relatively lower. In addition to filling up the gaps in the existing literature on the social cost of carbon, the simulation results of this study can also be further applied in policy practice to measure the effectiveness of the implementation of greenhouse gas management measures and provide a basis for cost-benefit analysis.