Estimates of the social cost of carbon have not changed over time

Richard Tol

Working Paper Series from Department of Economics, University of Sussex Business School

Abstract: Some claim that as knowledge about climate change accumulates, the social cost of carbon increases. A meta-analysis of published estimates shows that this is not the case. Correcting for inflation and emission year and controlling for the discount rate, kernel density decomposition reveals a stationary distribution. Actual carbon prices are almost everywhere below the estimated social cost of carbon.

JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2021-05
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sus:susewp:0821

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