Dietz, Simon - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-18, pp. 1-12
This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for … Cost of Carbon did not go far enough into the tail of low-probability, high-impact scenarios, and, via its approach to … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …