In 2010, the U.S. government adopted its first consistent estimates of the social cost of carbon (SCC) for government-wide use in regulatory cost-benefit analysis. Here, the authors examine a number of limitations of the estimates identified in the U.S. government report and elsewhere and review...

Während die CO2-Emissionen weltweit weiter ansteigen, sind die Emissionen relativ zum Bruttoinlandsprodukt in den meisten Ländern rückläufig. Insbesondere westliche Nationen erwirtschaften ein immer höheres BIP mit immer geringer werdendem relativen Anteil an CO2-Emissionen. Länder wie...

The social cost of carbon - or marginal damage caused by an additional ton of carbon dioxide emissions - has been estimated by a U.S. government working group at $21/tCO2 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact...

In order to have sustainable development, it is necessary to manage energy use and greenhouse gases (GHG) emission in all production processes. The aim of this study was to compare wheat production in dryland and irrigated agroecosystems in terms of greenhouse gases (GHG) emission based on...

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...

It is well-known that the discount rate is crucially important for estimating the social cost of carbon, a standard indicator for the seriousness of climate change and desirable level of climate policy. The Ramsey equation for the discount rate has three components: the pure rate of time...

Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...