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The marginal damage costs of different greenhouse gases: An application of FUND
Waldhoff, Stephanie; Anthoff, David; Rose, Steven K.; … - In: Economics: The Open-Access, Open-Assessment E-Journal 8 (2014) 2014-31, pp. 1-33
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/10010420368
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Carbon Emissions Scenarios in Europe Based on an Endogenous Growth Model
Ciesielski, Anna; Tol, Richard S. J. - 2014
energy until 2100 in Europe. Major innovations are first that economic growth is based on an endogenous economic growth model … confidence intervals of economic growth to indicate the accuracy of our forecasts and we show that aggregate forecasts vary with …
Persistent link: https://www.econbiz.de/10010420684
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The Social Cost of Carbon: Trends, Outliers and Catastrophes
Tol, Richard S. J. - In: Economics - The Open-Access, Open-Assessment E-Journal 2 (2008), pp. 1-22
211 estimates of the social cost of carbon are included in a meta-analysis. The results confirm that a lower discount rate implies a higher estimate; and that higher estimates are found in the gray literature. It is also found that there is a downward trend in the economic impact estimates of the...
Persistent link: https://www.econbiz.de/10005082955
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Discounting for Climate Change
Yohe, Gary W.; Tol, Richard S. J.; Anthoff, David - In: Economics - The Open-Access, Open-Assessment E-Journal 3 (2009), pp. 1-22
has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … rates of risk and inequity aversion can be expected to play significant roles. The consumption growth rate plays multiple … than the real discount rate. Moreover, the differential growth rate between rich and poor countries determines the time …
Persistent link: https://www.econbiz.de/10005082960
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Discounting for Climate Change
Anthoff, David; Tol, Richard S. J.; Yohe, Gary W. - Institut für Weltwirtschaft (IfW) - 2009
has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … rates of risk and inequity version can be expected to play significant roles. The consumption growth rate plays four roles … discount rate. The differential growth rate between rich and poor countries determines the time evolution of the size of the …
Persistent link: https://www.econbiz.de/10005083362
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The Social Cost of Carbon: Trends, Outliers and Catastrophes
Tol, Richard S. J. - Institut für Weltwirtschaft (IfW) - 2007
211 estimates of the social cost of carbon are included in a meta-analysis. The results confirm that a lower discount rate implies a higher estimate; and that higher estimates are found in the gray literature. It is also found that there is a downward trend in the economic impact estimates of the...
Persistent link: https://www.econbiz.de/10005083382
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The Economic Effects of Climate Change
Tol, Richard S. J. - In: Journal of Economic Perspectives 23 (2009) 2, pp. 29-51
century is comparable to economic growth over a few years. There are over 200 estimates of the marginal damage cost of carbon …
Persistent link: https://www.econbiz.de/10005014602
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A general equilibrium analysis of climate change impacts on tourism
Berrittella, Maria; Bigano, Andrea; Roson, Roberto; … - 2004
This paper studies the economic implications of climate-change-induced variations in tourism demand, using a world CGE model. The model is first re-calibrated at some future years, obtaining hypothetical benchmark equilibria, which are subsequently perturbed by shocks, simulating the effects of...
Persistent link: https://www.econbiz.de/10011606914
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Modified Ramsey discounting for climate change
Tol, Richard S. J. - 2013
The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...
Persistent link: https://www.econbiz.de/10011384321
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The economic impact of ocean acidification on coral reefs
Brander, Luke M.; Rehdanz, Katrin; Tol, Richard S. J.; … - 2009
. We find that the annual economic impact rapidly escalates over time, because the scenarios have rapid economic growth in …
Persistent link: https://www.econbiz.de/10003815102