Exploring the Cost of Decarbonizing the United States: A Proposal for a Green Sacrifice Ratio

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dc.authoridKartal, Mustafa Tevfik/0000-0001-8038-8241
dc.contributor.authorErdogan, Sinan
dc.contributor.authorPata, Ugur Korkut
dc.contributor.authorKartal, Mustafa Tevfik
dc.date.accessioned2024-09-18T20:15:02Z
dc.date.available2024-09-18T20:15:02Z
dc.date.issued2024
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractIn line with global warming, decarbonization of economies is a much-discussed topic in climate policies and economic forecasts. However, estimating the output cost of decarbonizing economies has not received attention. Therefore, this study examines the costs of decarbonization in the USA, the leading country in the global economy, by proposing a Green Sacrifice Ratio based on estimating the output costs of emission abatement policy. To do this, the study employs Structural Vector Autoregression analysis to measure the Green Sacrifice Ratio in the USA from 1973/Q1 to 2023/Q2. The empirical results show that a permanent 1% reduction in carbon emissions results in a cumulative loss of 0.0001% of output in the USA. The implication is that the cost of decarbonization in the USA can be lower than the economic burden of environmental pollution. Therefore, policymakers in the USA should take determined actions to prevent irreversible environmental degradation and avoid heavy economic costs in the future.en_US
dc.identifier.doi10.1007/s10666-024-09952-2
dc.identifier.endpage734en_US
dc.identifier.issn1420-2026
dc.identifier.issn1573-2967
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85182701623en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage723en_US
dc.identifier.urihttps://doi.org/10.1007/s10666-024-09952-2
dc.identifier.urihttps://hdl.handle.net/20.500.12483/9400
dc.identifier.volume29en_US
dc.identifier.wosWOS:001145337900001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofEnvironmental Modeling & Assessmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectDecarbonizationen_US
dc.subjectEconomic costen_US
dc.subjectGreen Sacrifice Ratioen_US
dc.subjectSVARen_US
dc.subjectUnited Statesen_US
dc.titleExploring the Cost of Decarbonizing the United States: A Proposal for a Green Sacrifice Ratioen_US
dc.typeArticleen_US

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