The Social Cost of Methane: Valuing Emissions to Reflect their … · The Social Cost of Methane:...

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The Social Cost of Methane: Valuing Emissions to Reflect their Full Environmental Impact Drew Shindell Nicholas School of the Environment, Duke University Jan S. Fuglestvedt (CICERO), William J. Collins (U Reading), Greg Faluvegi (NASA GISS)

Transcript of The Social Cost of Methane: Valuing Emissions to Reflect their … · The Social Cost of Methane:...

Page 1: The Social Cost of Methane: Valuing Emissions to Reflect their … · The Social Cost of Methane: Valuing Emissions to Reflect their Full Environmental Impact Drew Shindell Nicholas

The Social Cost of Methane: Valuing Emissions to Reflect their Full Environmental Impact

Drew Shindell

Nicholas School of the Environment, Duke University

Jan S. Fuglestvedt (CICERO), William J. Collins (U Reading), Greg Faluvegi (NASA GISS)

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Multiple benefits

Long-term climate: 0.001°C

corresponds to 1.2 GtCO2

Rate & magnitude of

warming over next 20-40 yr

Health: mortalities, morbidities

Crops: tons of yield

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Develop a broad Social Cost of Methane that includes impacts on human health, agriculture, etc., via climate & air quality

Valuing Emissions

Emissions

Physical

Impacts

Societal

Impacts

Methane

Carbon

Cycle

Concentrations Carbon Dioxide Ozone Methane Stratospheric

Water

Food Crops Human Health Infrastructure

Air Pollution

Climate: Temperature,

Precipitation, Drought, Heatwaves,

Wildfires, Disease Vectors,

Sea-level rise, etc.

Forestry

Shindell et al, Faraday Disc, 2017

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Social Cost of Methane including climate change & air quality impacts with consistent methodology

Values over all times are included (discounted over time), and all impacts included

Valuing Emissions

Radiative forcing update included, ozone-health update not yet

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Methane (4% discounting, CO2 total $38/ton)

Total $2900 (1300-4900)

Ratio vs CO2 76 (50 and180 with 3% and 10% discounting, respectively)

Valuing Emissions:

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Control measures & costs from UNEP, 2011

Shindell et al, Faraday Disc, 2017

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Cost curves for in-use methane abatement measures

Shindell et al, Faraday Disc, 2017

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Livestock-related emissions

Benefit Valuation due to Emissions Reductions

~$270 billion for healthy diet due to reduced health care cost + lost work days(Springmann et al., PNAS, 2016)

Shindell et al, Faraday Disc, 2017

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Agriculture-related emissions

Societal benefits of potential

interventions

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Crops; Impacts per emission

Shindell et al, in progress, 2018 Thanks to Pisces Foundation!

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Crops; Impacts of emissions to date

-16000

-14000

-12000

-10000

-8000

-6000

-4000

-2000

0

2000

4000

CO2 CH4 OtherGases

Aerosols Net

Maize

USA

China

Mexico

Egypt

Brazil

France

Italy

Canada

-20000

-15000

-10000

-5000

0

5000

10000

15000

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CO2 CH4 OtherGases

Aerosols Net

Wheat

India

Pakistan

USA

France

Mexico

Canada

China

Turkey

ktlo

ss

Shindell et al, in progress, 2018 Thanks to Pisces Foundation!

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Methane valuation including climate and air quality impacts substantially larger (of course!) than climate alone (CO2e)

Impacts not sensitive to emission location

Results coming: new ozone-health impacts, spatial distribution of crop impacts, market economic impacts (both air quality & climate)

Another facet of impacts along mitigation pathway

Conclusions