This chapter considers the development and litigation context of the "social cost of carbon" as a mechanism to internalize the costs of greenhouse gas emissions in a regulatory context鈥攐ften in regulations dea
This illustrates the financial risk that carbon-intensive industries may face due to rising carbon costs. Within a country, the hidden cost of carbon will differ from one producer to another, owing to variations in the mix of inputs, the source of energy and the type of technology. The ...
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The strike's unanticipated success caused a decrease in the stock prices of carbon-intensive firms. The effect appears to be driven by the increased public attention to climate activism. Furthermore, after the first Global Climate Strike financial analysts downgraded their longer-term earnings ...
we however provide an in-depth understanding of the financial impact of the automotive industry's carbon risk, which also includes the supply chain and, therefore, scope 3 emissions. The supply chain in the automotive industry realizes the most energy-intensive and resource-consuming phases of the...
These biases haven’t stopped economists from offering confident benefit-cost analyses. Nordhaus has famously done so with a model requiringfewer than 20 main equations. He concludes that each ton of carbon dioxide emitted today should be priced ataround $40. ...
Many studies project that climate change can cause a significant number of excess deaths. Yet, in integrated assessment models (IAMs) that determine the social cost of carbon (SCC) and prescribe optimal climate policy, human mortality impacts are limited
Producing the materials needed for the infrastructure and objects we use every day accounts for more than 20% of global emissions. These are some of the most difficult industries to decarbonize, as we have few ready options to replace the coal, gas and o
We estimate the potential ultimate cost of fossil-fuel carbon to a long-lived human population over a one million–year time scale. We assume that this hypothetical population is technologically stationary and agriculturally based, and estimate climate impacts as fractional decreases in economic activity...
The most common way to do that is the social cost of carbon: a price per ton of emissions that represents climate change’s burdens on humanity, such as natural disasters, disease and reduced labor productivity. That number is used to evaluate the costs and benefits of regulations. In some...