Estimates of the social cost of carbon are the yardstick for climate policy targets. However, there is great uncertainty and we do not know how estimates have evolved over time. Here I present a meta-analysis of published estimates showing that the social cost of carbon has increased as knowle...
Estimates of the social cost of carbon are the yardstick for climate policy targets. However, there is great uncertainty and we do not know how estimates have evolved over time. Here I present a meta-analysis of published estimates showing that the social cost of carbon has increased as ...
The social cost of carbon (SCC) quantifies these damages by characterizing how additional CO2 emissions today impact future economic outcomes through altering the climate4,5,6. Previous estimates have suggested that large, warming-driven increases in energy expenditures could dominate the SCC7,8, ...
social cost of carbonintegrated assessment modelsuncertaintyThe Social Costs of Carbon (SCC) equals the marginal welfare loss associated with one unit of emitted CO2, divided by the marginal welfare gain associated with one unit of consumption. In stochastic assessments, both the nominator and ...
The social cost of carbon (SCC) is a central measure for climate policy that is used as a guideline for carbon pricing in regulatory impact assessments.1 The SCC measures the additional damage caused by an extra unit of emissions. Most estimates however omit that the SCC is critically influen...
and thus completely unsuitable and inappropriate for federal rulemaking. Had the IWG included a better-reasoned and more inclusive review of the current scientific literature, the social cost of carbon estimates would have been considerably reduced with a value likely approaching zero. Such a low soci...
Government Estimates of the Social Cost of Carbon A working group of federal regulatory agencies has developed a social cost of carbon (SCC) for use in regulatory impact analyses to “estimate of the monetized damages associated with an incremental increase in carbon emissions in a given year.”...
Amsterdam, The Netherlandse CESifo, Munich, Germanyf Payne Institute for Public Policy, Colorado School of Mines, Golden, CO, USAg College of Business, Abu Dhabi University, UAEAbstractA new version of the database for the meta-analysis of estimates of the social cost of carbonis presented. ...
SCC) has been described, in the past, “asthe most important number you’ve never heard of“. TheInteragency Working Group was established in the Obama-Biden Administration(in2009) with a “commitment to ensure that the social cost of carbon estimates continue to reflect the best available sci...
The internalization of the social cost of carbon (SCC) is the most efficient alternative to reduce the emissions that cause global warming. However, the carbon pricing initiatives implemented in many countries differ significantly from the empirical estimates of the SCC. Therefore, this study simulate...