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Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings : A Summary and Interpretation

Greenstone, Michael - 2011

The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used...

Persistent link: https://www.econbiz.de/10012461744

The Economics of Carbon Offsets

Bushnell, James B. - 2010

Although international programs for carbon offsets play an important role in current and prospective climate-change policy, they continue to be very controversial. Asymmetric information creates several incentive problems, include adverse selection and moral hazard, in offset markets. The...

Persistent link: https://www.econbiz.de/10012462352

On a World Climate Assembly and the Social Cost of Carbon

Weitzman, Martin - 2016

This paper postulates the conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world "Social Cost of Carbon" (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …

Persistent link: https://www.econbiz.de/10012455867

The Social Cost of Carbon Revisited

Pindyck, Robert S. - 2016

An estimate of the social cost of carbon (SCC) is key to climate policy. But how should we estimate the SCC? A common approach is to use an integrated assessment model (IAM) to simulate time paths for the atmospheric CO2 concentration, its impact on global mean temperature, and the resulting...

Persistent link: https://www.econbiz.de/10012455873

Price of Long-Run Temperature Shifts in Capital Markets

Bansal, Ravi - 2016

We use the forward-looking information from the US and global capital markets to estimate the economic impact of global warming, specifically, long-run temperature shifts. We find that global warming carries a positive risk premium that increases with the level of temperature and that has almost...

Persistent link: https://www.econbiz.de/10012456150

Estimates of the Social Cost of Carbon : Background and Results from the RICE-2011 Model

Nordhaus, William D. - 2011

A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept represents the economic cost caused by an additional ton of carbon-dioxide emissions or its equivalent. The present study describes the development of the concept as well as its...

Persistent link: https://www.econbiz.de/10012461118

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

Headwinds and Tailwinds : Implications of Inefficient Retail Energy Pricing for Energy Substitution

Borenstein, Severin; Bushnell, James B. - National Bureau of Economic Research - 2021

Electrification of transportation and buildings to reduce greenhouse gas (GHG) emissions requires massive switching from natural gas and refined petroleum products. All three end-use energy sources are mispriced due in part to the unpriced pollution they emit. Natural gas and electricity...

Persistent link: https://www.econbiz.de/10012616566

Stated Preference Estimates of the Average Social Cost of Carbon

Ashenfarb, Matthew; Kotchen, Matthew J. - National Bureau of Economic Research - 2024

This paper provides stated preference (SP) estimates of the average social cost of carbon (ASCC) for use in evaluation of the benefits and costs of climate policy. Based on a U.S. nationally representative survey, we find an average individual willingness-to-pay (WTP) of $1,116 per year to keep...

Persistent link: https://www.econbiz.de/10014468243

The Possibilities For Global Poverty Reduction Using Revenues From Global Carbon Pricing

Davies, James B. - 2011

central case analysis, revenues from globally internalizing carbon pricing rise to 7% and then fall to 5% of gross world …

Persistent link: https://www.econbiz.de/10012461781

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