Showing 11 - 20 of 151,791
intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …
Persistent link: https://www.econbiz.de/10014082790
One of the central ways that the costs of global warming are incorporated into U.S. law is in cost-benefit analysis of federal regulations. In 2010, to standardize analyses, an Interagency Working Group (IAWG) established a central estimate of the social cost of carbon (SCC) of $21/tCO2 drawn...
Persistent link: https://www.econbiz.de/10013035197
We develop a financial-economic model for carbon pricing with an explicit representation of decision making under risk … specifications. We show that risk associated with high damages in the long term leads to stringent mitigation of carbon dioxide … emissions in the near term. Our results provide insight into how a systematic incorporation of climate-related risk influences …
Persistent link: https://www.econbiz.de/10013549072
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 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact of...
Persistent link: https://www.econbiz.de/10013066981
This note considers the treatment of risk and uncertainty in the recently established ‘social cost of carbon' (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …
Persistent link: https://www.econbiz.de/10013066990
derive a general analytic formula for the “risk premium” governing the resulting climate policy. The formula generalizes … making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage … formulation, and future policy response. We show that an optimal response to uncertainty substantially reduces the risk premium …
Persistent link: https://www.econbiz.de/10013217086
This note considers the treatment of risk and uncertainty in the recently established "social cost of carbon" (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by … that very target. -- Ambiguity ; climate change ; discounting ; integrated assessment modelling ; risk ; social cost of …
Persistent link: https://www.econbiz.de/10009238751
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 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact of...
Persistent link: https://www.econbiz.de/10009304029
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...
Persistent link: https://www.econbiz.de/10009521469
This note considers the treatment of risk and uncertainty in the recently established "social cost of carbon" (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by … that very target. -- ambiguity ; climate change ; discounting ; integrated assessment modelling ; risk; social cost of …
Persistent link: https://www.econbiz.de/10009544394