The Social Cost of Carbon: Trends, Outliers and Catastrophes

Richard Tol

Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2008, vol. 2, No 2008-25, 22 pages

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)
Date: 2008
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Citations: View citations in EconPapers (129)

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http://dx.doi.org/10.5018/economics-ejournal.ja.2008-25
https://www.econstor.eu/bitstream/10419/18038/1/economics_2008-25.pdf (application/pdf)

Related works:
Working Paper: THE SOCIAL COST OF CARBON: TRENDS, OUTLIERS AND CATASTROPHES (2007)
Working Paper: The Social Cost of Carbon: Trends, Outliers and Catastrophes (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifweej:7373

DOI: 10.5018/economics-ejournal.ja.2008-25

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