Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/222853
Authors: 
Gschnaller, Sandra
Year of Publication: 
2020
Series/Report no.: 
ifo Working Paper No. 332
Abstract: 
I extend the reduced Greenland ice sheet (GIS) model-module of DICE-GIS (Nordhaus, 2019) by integrating snow-albedo feedback (SAF) and potential tipping of the ice sheet into the resuming DICE-GIS SAF model. This novel model extension allows to quantify the social cost of carbon (SCC) more precisely because the economic damages are not only related to intensified sea level rise, but also an accelerated increase in global temperature. Accounting for the SAF raises the SCC from 274.92 to 319.67 $/tCO2 in 2100, an increase of 16.3%. The temperature increase is the key channel through which the SAF impacts the SCC.
Subjects: 
social cost of carbon
climate change
Greenland ice sheet
snow albedo feedback
tipping
JEL: 
O13
Q15
Q58
Document Type: 
Working Paper

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