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https://hdl.handle.net/10419/50101
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Anthoff, David | en |
dc.contributor.author | Tol, Richard S. J. | en |
dc.contributor.author | Yohe, Gary W. | en |
dc.date.accessioned | 2011-09-30T09:59:21Z | - |
dc.date.available | 2011-09-30T09:59:21Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/50101 | - |
dc.description.abstract | The Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate policy. We here conduct a systematic sensitivity analysis of this result on two crucial parameters: the rate of pure time preference, and the rate of risk aversion. We show that the social cost of carbon lies anywhere in between 0 and $120,000/tC. However, if we restrict these two parameters to match observed behavior, an expected social cost of carbon of $60/tC results. If we correct this estimate for income differences across the world, the social cost of carbon rises to over $200/tC. | en |
dc.language.iso | eng | en |
dc.publisher | |aThe Economic and Social Research Institute (ESRI) |cDublin | en |
dc.relation.ispartofseries | |aESRI Working Paper |x252 | en |
dc.subject.ddc | 330 | en |
dc.subject.stw | Klimaschutz | en |
dc.subject.stw | Luftverunreinigung | en |
dc.subject.stw | Kohlendioxid | en |
dc.subject.stw | Soziale Kosten | en |
dc.subject.stw | Zeitpräferenz | en |
dc.subject.stw | Risikoaversion | en |
dc.subject.stw | OECD-Staaten | en |
dc.title | Risk Aversion, time preference, and the social cost of carbon | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 578240181 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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