Andrés, Javier; Barrutiabengoa, Joxe Maria; cubero, julian - 2023
In this paper we analyse the welfare effects of the social cost of carbon, defining per capita consumption net of the cost of CO2 emissions in OECD countries from 1960 to 2019. Our results show that internalising the social cost of carbon reduced welfare by approximately 2% on average in the...