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dc.contributor.authorKousky, Carolynen
dc.contributor.authorKopp, Robert E.en
dc.contributor.authorCooke, Rogeren
dc.date.accessioned2011-07-07-
dc.date.accessioned2011-07-25T14:52:43Z-
dc.date.available2011-07-25T14:52:43Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/48580-
dc.description.abstractReducing greenhouse gas emissions not only lowers expected damages from climate change but also reduces the risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon dioxide abatement, often do not capture this risk reduction benefit. Risk-averse individuals are willing to pay a risk premium, an additional amount beyond the difference in expected damages, to reduce risks. The authors review methods used and estimates obtained for calculating a risk premium to be included in the social cost of carbon. While more research is needed in this area, work to date suggests a positive risk premium on the social cost of carbon is warranted.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2011-19en
dc.subject.jelQ54en
dc.subject.ddc330en
dc.subject.keywordClimate changeen
dc.subject.keywordsocial cost of carbonen
dc.subject.keywordrisk premiumen
dc.subject.stwKohlendioxiden
dc.subject.stwKlimaveränderungen
dc.subject.stwSoziale Kostenen
dc.subject.stwRisikoprämieen
dc.subject.stwWissenschaftliche Methodeen
dc.subject.stwNaturkatastropheen
dc.subject.stwKlimaschutzen
dc.titleRisk premia and the social cost of carbon: A review-
dc.typeWorking Paperen
dc.identifier.ppn663785278en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:201119en

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