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Climate risks and carbon prices : revising the social cost of carbon

Ackerman, Frank; Stanton, Elizabeth A. - 2012

The social cost of carbon - or marginal damage caused by an additional ton of carbon dioxide emissions - has been estimated by a U.S. government working group at $21/tCO2 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact...

Persistent link: https://www.econbiz.de/10009521469

Chapter 16. Integrated Economic and Climate Modeling

Nordhaus, William - In: Handbook of computable general equilibrium modeling : …, (pp. 1069-1131). 2013

This survey examines the history and current practice in integrated assessment models (IAMs) of the economics of climate change. It begins with a review of the emerging problem of climate change. The next section provides a brief sketch of the rise of IAMs in the 1970s and beyond. The subsequent...

Persistent link: https://www.econbiz.de/10014025275

The treatment of risk and uncertainty in the US social cost of carbon for regulatory impact analysis

Dietz, Simon - 2012

This note considers the treatment of risk and uncertainty in the recently established "social cost of carbon" (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by … that very target. -- ambiguity ; climate change ; discounting ; integrated assessment modelling ; risk; social cost of …

Persistent link: https://www.econbiz.de/10009544394

The marginal damage costs of different greenhouse gases : an application of FUND

Waldhoff, Stephanie; Anthoff, David; Rose, Steven K.; … - 2014

The authors use FUND 3.9 to estimate the social cost of four greenhouse gases-carbon dioxide, methane, nitrous oxide, and sulphur hexafluoride-with sensitivity tests for carbon dioxide fertilization, terrestrial feedbacks, climate sensitivity, discounting, equity weighting, and socioeconomic and...

Persistent link: https://www.econbiz.de/10010413239

Quantifying Climate Change Loss and Damage Consistent with a Social Cost of Greenhouse Gases

Burke, Marshall; Zahid, Mustafa; Diffenbaugh, Noah; … - National Bureau of Economic Research - 2023

Climate change is generating demonstrable harm around the world. Political and legal efforts have sought to associate …

Persistent link: https://www.econbiz.de/10014372415

The climate risk premium : how uncertainty affects the social cost of carbon

Lemoine, Derek - In: Journal of the Association of Environmental and … 8 (2021) 1, pp. 27-57

Persistent link: https://www.econbiz.de/10012610550

Transient temperature response modeling in IAMs : the effects of over simplification on the SCC

Marten, Alex L. - 2011

probability for such states of the world. The authors find that, all else equal, the temperature response model in FUND can lead …

Persistent link: https://www.econbiz.de/10009356771

Social Cost of Carbon under stochastic tipping points : when does risk play a role?

Taconet, Nicolas; Guivarch, Céline; Pottier, Antonin - In: Environmental and resource economics 78 (2021) 4, pp. 709-737

Persistent link: https://www.econbiz.de/10012495383

Determining the social cost of carbon : under damage and climate sensitivity uncertainty

Okullo, Samuel Jovan - In: Environmental and resource economics 75 (2020) 1, pp. 79-103

Persistent link: https://www.econbiz.de/10012224294

The climate beta

Dietz, Simon; Gollier, Christian; Kessler, Louise - In: Journal of environmental economics and management : … 87 (2018), pp. 258-274

Persistent link: https://www.econbiz.de/10012013215

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