The Social Cost of Carbon

Richard Tol

Papers from arXiv.org

Abstract: The social cost of carbon is the damage avoided by slightly reducing carbon dioxide emissions. It is a measure of the desired intensity of climate policy. The social cost of carbon is highly uncertain because of the long and complex cause-effect chain, and because it quantifies and aggregates impacts over a long period of time, affecting all people in a wide range of possible futures. Recent estimates are around $\$$80/tCO$_2$.

Date: 2023-10
New Economics Papers: this item is included in nep-ene and nep-env
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Related works:
Working Paper: Social cost of carbon (2020)
Journal Article: The Social Cost of Carbon (2011)
Working Paper: The Social Cost of Carbon (2011)
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