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https://hdl.handle.net/10419/50174
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DC Field | Value | Language |
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dc.contributor.author | Ceronsky, Megan | en |
dc.contributor.author | Anthoff, David | en |
dc.contributor.author | Hepburn, Cameron | en |
dc.contributor.author | Tol, Richard S. J. | en |
dc.date.accessioned | 2011-06-30 | - |
dc.date.accessioned | 2011-09-30T10:01:27Z | - |
dc.date.available | 2011-09-30T10:01:27Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/50174 | - |
dc.description.abstract | Research into the social cost of carbon emissions - the marginal social damage from a tonne of emitted carbon - has tended to focus on best guess scenarios. Such scenarios generally ignore the potential for low-probability, high-damage events, which are critically important to determining optimal climate policy. This paper uses the FUND integrated assessment model to investigate the influence of three types of low-probability, high-impact climate responses on the social cost of carbon: the collapse of the Atlantic Ocean Meridional Overturning Circulation; large scale dissociation of oceanic methane hydrates; and climate sensitivities above best guess levels. We find that incorporating these events can increase the social cost of carbon by a factor of over 3. | en |
dc.language.iso | eng | en |
dc.publisher | |aThe Economic and Social Research Institute (ESRI) |cDublin | en |
dc.relation.ispartofseries | |aESRI Working Paper |x392 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | climate change | en |
dc.subject.keyword | catastrophe | en |
dc.subject.keyword | non-linearity | en |
dc.subject.keyword | impacts | en |
dc.title | Checking the price tag on catastrophe: The social cost of carbon under non-linear climate response | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 663372984 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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