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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...

Manne and Schrattenholzer's (1984) summary report of the poll responses of the 1983 International Energy Workshop (IEW) published in this Journal certainly captures the flavor of the Laxenburg meetings. Opinion about the future trends in energy consumption, prices, gross domestic product, and so...