Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/52225
Authors: 
Anthoff, David
Rose, Steven
Tol, Richard S. J.
Waldhoff, Stephanie
Year of Publication: 
2011
Series/Report no.: 
Economics Discussion Papers 2011-44
Abstract: 
The authors estimate the growth rate of the social cost of carbon. This is an indication of the optimal rate of acceleration of greenhouse gas emission reduction policy over time. The authors find that the social cost of carbon increases by 1.3% to 3.9% per year, with a central estimate of 2.2%. Previous studies found an average rate of 2.3% and a range of 0.9 to 4.1%. The rate of increase of the social carbon depends on a range of factors, including the pure rate of time preference, the rate of risk aversion, equity weighting, the socioeconomic and emission scenarios, the climate sensitivity, dynamic vulnerability, and the curvature of the impact functions.
Subjects: 
social cost of carbon
JEL: 
Q54
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type: 
Working Paper

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