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...

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...

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...

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...

Drawing upon climate change damage specifications previously proposed in the literature that the authors have calibrated to a common level of damages at 2.5 C, the authors examine the effect upon the social cost of carbon (SCC) of varying damage specifications in a DICE-like integrated...

This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for analysis of federal regulations in the United States. It argues that the analysis of the US Interagency Working Group on Social Cost of Carbon did not go far enough into the tail...

The analysis of climate change is confronted with large uncertainties that need to be taken into account to arrive at meaningful policy recommendations. The main contribution of economics to this interdisciplinary task is to provide formal frameworks and techniques for analyzing climate policy...