The Social Cost of Carbon: Trends, Outliers and Catastrophes

Richard S.J. Tol ()

No 2007-44, Economics Discussion Papers from Kiel Institute for the World Economy

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
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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)
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Persistent link: http://EconPapers.repec.org/RePEc:zbw:ifwedp:6171

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