Ceronsky, Megan; Anthoff, David; Hepburn, Cameron; Tol, … - Forschungsstelle Nachhaltige Umweltentwicklung (ZMK), … - 2005
Research into the social cost of carbon emissions — the marginal social damage from a ton of emitted carbon — has tended to focus on “best guess” scenarios. Such scenarios generally ignore the potential for low-probability, high-damage events, which are critically important to...