The time evolution of the social cost of carbon: An application of fund

David Anthoff (), Steven Rose, Richard Tol and Stephanie Waldhoff

No 2011-44, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: The authors estimate the growth rate of the social cost of carbon. This is an indication of the optimal rate of acceleration of greenhouse gas emission reduction policy over time. The authors find that the social cost of carbon increases by 1.3% to 3.9% per year, with a central estimate of 2.2%. Previous studies found an average rate of 2.3% and a range of 0.9 to 4.1%. The rate of increase of the social carbon depends on a range of factors, including the pure rate of time preference, the rate of risk aversion, equity weighting, the socioeconomic and emission scenarios, the climate sensitivity, dynamic vulnerability, and the curvature of the impact functions.

Keywords: social; cost; of; carbon (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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http://www.economics-ejournal.org/economics/discussionpapers/2011-44
https://www.econstor.eu/bitstream/10419/52225/1/671699253.pdf (application/pdf)

Related works:
Working Paper: The Time Evolution of the Social Cost of Carbon: An Application of FUND (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201144

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