THE SOCIAL COST OF CARBON: TRENDS, OUTLIERS AND CATASTROPHES

Richard S.J. Tol ()

No FNU-144, Working Papers from Research unit Sustainability and Global Change, Hamburg University

Abstract: 211 estimates of the social cost of carbon are included in a meta-analysis. The results confirm that a lower discount rate implies a higher estimate; and that higher estimates are found in the gray literature. It is also found that there is a downward trend in the economic impact estimates of the climate; that the Stern Review’s estimates of the social cost of carbon is an outlier; and that the right tail of the distribution is fat. There is a fair chance that the annual climate liability exceeds the annual income of many people.

Keywords: climate change; social cost of carbon (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-env
Date: 2007-08, Revised 2007-08
View list of references View citations in EconPapers

Forthcoming, Economics the ejournal

Downloads: (external link)
http://www.fnu.zmaw.de/fileadmin/fnu-files/publica ... s/margcostmetawp.pdf First version, 2007 (application/pdf)

Related works:
Working Paper: The Social Cost of Carbon: Trends, Outliers and Catastrophes (2007)
Journal Article: The Social Cost of Carbon: Trends, Outliers and Catastrophes (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:sgc:wpaper:144

Access Statistics for this paper

More papers in Working Papers from Research unit Sustainability and Global Change, Hamburg University
Contact information at EDIRC.
Series data maintained by Richard Tol ().