Gusmão, Jochen Hinkel and Richard S.J. Tol (2011), 'Sea-Level Rise and its Possible Impacts Given a "Beyond 4°C World" in the …', Journal of Risk and Uncertainty, 33 (1-2), September, 37-54 …20. Marcel Fafchamps and Susan Lund (2003), 'Risk-Sharing Networks in Rural Philippines', Journal of Development …

Reducing greenhouse gas emissions not only lowers expected damages from climate change but also reduces the risk of … abatement, often do not capture this risk reduction benefit. Risk-averse individuals are willing to pay a risk premium, an … obtained for calculating a risk premium to be included in the social cost of carbon. While more research is needed in this area …

, affects the role of discounting. I argue that the assertion that the risk of catastrophic damage overwhelms discounting is … unfounded. I show that the claim that we "view the world in perspectiveʺ implies hyperbolic rather than constant discounting …. climate change ; discounting ; intergenerational conflict ; catastrophic risk ; hyperbolic discounting …

risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon … dioxide abatement, often do not capture this risk reduction benefit. Risk-averse individuals are willing to pay a risk premium … estimates obtained for calculating a risk premium to be included in the social cost of carbon. While more research is needed in …