Global | Bienestar y Coste Social del Carbono

Global | Social Welfare and the Social Cost of Carbon

Joxe Mari Barrutiabengoa, Julián Cubero, Rafael Domenech and Javier Andrés

No 23/04, Working Papers from BBVA Bank, Economic Research Department

Abstract: El bienestar social promedio en los países de la OCDE habría disminuido un 1,9% en la última década si se hubiera internalizado el daño producido por las emisiones de CO2, pero con un beneficio neto en términos intertemporales al evitar los peores escenarios futuros de calentamiento global, con un coste muy elevado. The average social welfare in OECD countries would have decreased by 1.9% during the past decade if the damages caused by CO2 emissions had been internalized. Nevertheless, a net intertemporal gain could have been achieved by preventing the most severe future outcomes of global warming, which entail a substantial cost.

Keywords: CO2 emissions; emisiones CO2; Welfare; Bienestar; Climate change; Cambio climático; Consumption; Consumo; Global; Global; Global Economy; Economía Global; Consumption; Consumo; Sustainable Development; Desarrollo Sostenible; Working Paper; Documento de Trabajo (search for similar items in EconPapers)
JEL-codes: F14 L11 L43 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2023-04
New Economics Papers: this item is included in nep-ene and nep-env
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