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 …

frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …

has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … respect to consumption is particularly important because it assumes three roles: consumption smoothing over time, risk … rates of risk and inequity version can be expected to play significant roles. The consumption growth rate plays four roles …

Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both …

analysis of climate change is confronted with a large degree of uncertainty and (c) that these uncertainties need to be taken … task is to provide formal frameworks and techniques for analyzing climate policy in the context of uncertainty. The aim of …

risk attitude …