The Social Cost of Carbon: Trends, Outliers and Catastrophes

Abstract: 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 climate; that the Stern Review’s estimates of the social cost of carbon is an outlier; and that the right tail of the distribution is fat. There is a fair chance that the annual climate liability exceeds the annual income of many people.

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• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: The Social Cost of Carbon: Trends, Outliers and Catastrophes ; volume:2 ; number:1 ; year:2008 ; extent:24 ; Economics / Journal articles. Journal articles ; 2, Heft 1 (2008) (gesamt 24)

Contributors, Places and Time

• Creator: Tol, Richard S. J.

Further information

• DOI: 10.5018/economics-ejournal.ja.2008-25
• URN: urn:nbn:de:101:1-2412121750585.952015759615
• Rights: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.