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dc.contributor.authorAnthoff, Daviden_US
dc.contributor.authorRose, Stevenen_US
dc.contributor.authorTol, Richard S. J.en_US
dc.contributor.authorWaldhoff, Stephanieen_US
dc.description.abstractThe social cost of carbon is an estimate of the benefit of reducing CO2 emissions by one ton today. As such it is a key input into cost-benefit analysis of climate policy and regulation. We provide a set of new estimates of the social cost of carbon from the integrated assessment model FUND 3.5 and present a regional and sectoral decomposition of our new estimate. China, Western Europe and the United States have the highest share of harmful impacts, with the precise order depending on the discount rate. The most important sectors in terms of impacts are agriculture and increased energy use for cooling. We present an extensive sensitivity analysis with respect to the discount rate, equity weights, different socio economic scenarios and values for the climate sensitivity parameter.en_US
dc.publisher|aESRI |cDublinen_US
dc.relation.ispartofseries|aESRI working paper |x375 [rev.]en_US
dc.subject.keywordclimate changeen_US
dc.subject.keywordsocial cost of carbonen_US
dc.titleRegional and sectoral estimates of the social cost of carbon: An application of FUNDen_US
dc.typeWorking Paperen_US

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