5.3. Sensitivity analysis under different social cost rates of CO2
emissions
We investigate the change in total CO2 emissions based on
different social cost rates of CO2 emissions. Thus, a sensitivity
analysis considering social cost rate of CO2 was carried out. We
observed the change of total CO2 emissions and total costs by
varying the social cost rate of CO2 emissions. The results are given
as graphs in Figs. 5 and 6 for the total CO2 emissions, and total costs,
respectively. The social cost of CO2 emissions varies from 0 to $ 200/
ton. In these two figures, we can see how the social cost rate of CO2
emissions impacts total CO2 emissions and total costs under
different social cost rates of CO2 emissions. Also, we can see that as
the social cost rate of CO2 emissions increases, the total CO2
emissions decreases and total costs increases, respectively.