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The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies
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...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2013
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3827104/ https://www.ncbi.nlm.nih.gov/pubmed/24265710 http://dx.doi.org/10.1371/journal.pone.0078703 |
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author | Ishinabe, Nagisa Fujii, Hidemichi Managi, Shunsuke |
author_facet | Ishinabe, Nagisa Fujii, Hidemichi Managi, Shunsuke |
author_sort | Ishinabe, Nagisa |
collection | PubMed |
description | 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. |
format | Online Article Text |
id | pubmed-3827104 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2013 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-38271042013-11-21 The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies Ishinabe, Nagisa Fujii, Hidemichi Managi, Shunsuke PLoS One Research Article 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. Public Library of Science 2013-11-12 /pmc/articles/PMC3827104/ /pubmed/24265710 http://dx.doi.org/10.1371/journal.pone.0078703 Text en © 2013 Ishinabe et al http://creativecommons.org/licenses/by/4.0/ This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are properly credited. |
spellingShingle | Research Article Ishinabe, Nagisa Fujii, Hidemichi Managi, Shunsuke The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies |
title | The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies |
title_full | The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies |
title_fullStr | The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies |
title_full_unstemmed | The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies |
title_short | The True Cost of Greenhouse Gas Emissions: Analysis of 1,000 Global Companies |
title_sort | true cost of greenhouse gas emissions: analysis of 1,000 global companies |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3827104/ https://www.ncbi.nlm.nih.gov/pubmed/24265710 http://dx.doi.org/10.1371/journal.pone.0078703 |
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