Towards a social cost of carbon with national characteristics

Jinchi Dong, Richard Tol and Fangzhi Wang

Economics Letters, 2024, vol. 244, issue C

Abstract: The majority of estimates of the social cost of carbon use preference parameters calibrated to data for North America and Europe. We here use statistically representative data for attitudes to time and risk across the world. The social cost of carbon is substantially higher in the global north than in the south. The difference is more pronounced if we count people rather than countries.

Keywords: Social cost of carbon (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004610

DOI: 10.1016/j.econlet.2024.111977

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