Estimates of the social cost of carbon have not changed over time
Working Paper Series from Department of Economics, University of Sussex Business School
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)
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Persistent link: https://EconPapers.repec.org/RePEc:sus:susewp:0821
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