A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and … intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … representative agent with equally distributed equivalent (EDE) income and the other considers individuals separately across the …

. Uncertainty about the future rate of growth of the economy and emissions and the risk of macroeconomic disasters (tail risks) also …

below-ground wealth, complemented by additional precautionary savings at initial times to build up a small liquidity fund to …