The true cost of greenhouse gas emissions

Analysis of 1,000 global companies

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

This study elucidated the shadow price of greenhouse gas (GHG) emissions for 1,024 international companies worldwide that were surveyed from 15 industries in 37 major countries. Our results indicate that the shadow price of GHG at the firm level is much higher than indicated in previous studies. The higher shadow price was found in this study as a result of the use of Scope 3 GHG emissions data. The results of this research indicate that a firm would carry a high cost of GHG emissions if Scope 3 GHG emissions were the focus of the discussion of corporate social responsibility. In addition, such shadow prices were determined to differ substantially among countries, among sectors, and within sectors. Although a number of studies have calculated the shadow price of GHG emissions, these studies have employed country-level or industry-level data or a small sample of firm-level data in one country. This new data from a worldwide firm analysis of the shadow price of GHG emissions can play an important role in developing climate policy and promoting sustainable development.

Original languageEnglish
Article numbere78703
JournalPloS one
Volume8
Issue number11
DOIs
Publication statusPublished - Nov 12 2013
Externally publishedYes

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shadow prices
greenhouse gas emissions
Gas emissions
Greenhouse gases
Gases
Costs and Cost Analysis
Costs
Industry
corporate social responsibility
industry
greenhouse gases
sustainable development
Social Responsibility
Conservation of Natural Resources
Climate
Sustainable development
climate

All Science Journal Classification (ASJC) codes

  • Biochemistry, Genetics and Molecular Biology(all)
  • Agricultural and Biological Sciences(all)

Cite this

The true cost of greenhouse gas emissions : Analysis of 1,000 global companies. / Ishinabe, Nagisa; Fujii, Hidemichi; Managi, Shunsuke.

In: PloS one, Vol. 8, No. 11, e78703, 12.11.2013.

Research output: Contribution to journalArticle

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