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Institut für Weltwirtschaft (IfW), Kiel >
Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles >
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http://hdl.handle.net/10419/18038
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| Title: | | The Social Cost of Carbon: Trends, Outliers and Catastrophes  |
| Authors: | | Tol, Richard S. J. |
| Issue Date: | | 2008 |
| Citation: | | [Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 2 [Issue:] 2008-25 [Pages:] 1-22 [DOI/URN:] doi:10.5018/economics-ejournal.ja.2008-25 |
| Series/Report no.: | | economics - The Open-Access, Open-Assessment E-Journal 2008-25 |
| Abstract: | | 211 estimates of the social cost of carbon are included in a meta-analysis. The results confirm that a lower discount rate implies a higher estimate; and that higher estimates are found in the gray literature. It is also found that there is a downward trend in the economic impact estimates of the climate; that the Stern Review?s estimates of the social cost of carbon is an outlier; and that the right tail of the distribution is fat. There is a fair chance that the annual climate liability exceeds the annual income of many people. |
| Subjects: | | Climate change social cost of carbon |
| JEL: | | Q54 |
| Persistent Identifier of the first edition: | | doi:10.5018/economics-ejournal.ja.2008-25 |
| URL of the first edition: | | http://www.economics-ejournal.org/economics/journalarticles/2008-25 |
| Creative Commons License: | |  |
| Document Type: | | Article |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles
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