Kousky, Carolyn; Kopp, Robert E.; Cooke, Roger M. - In: Economics - The Open-Access, Open-Assessment E-Journal 5 (2011), pp. 1-24
risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon … 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, and potentially substantial, risk premium on the social cost of carbon is …