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Title:The US government's social cost of carbon estimates after their first year: Pathways for improvement PDF Logo
Authors:Kopp, Robert E.
Mignone, Bryan K.
Issue Date:2011
Series/Report no.:Economics Discussion Papers 2011-16
Abstract:In 2010, the U.S. government adopted its first consistent estimates of the social cost of carbon (SCC) for government-wide use in regulatory cost-benefit analysis. Here, we examine a number of the limitations of the estimates identified in the U.S. government report and elsewhere and review recent advances that could pave the way for improvements. We consider in turn socioeconomic scenarios, treatment of physical climate response, damage estimates, ways of incorporating risk aversion, and consistency between SCC estimates and broader climate policy.
Subjects:Climate change
social cost of carbon
JEL:Q54
Q58
Creative Commons License:http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type:Working Paper
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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