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An updated shadow price for CO2

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  • Haraden, John

Abstract

In a previous paper, we presented a model for calculating the shadow price of CO2. In this paper, we present a substantial revision to obtain an improved representation for the assumed linearity of the damages with atmospheric CO2 levels and to incorporate an adjustment period for reaching thermal equilibrium in the atmosphere.

Suggested Citation

  • Haraden, John, 1993. "An updated shadow price for CO2," Energy, Elsevier, vol. 18(3), pages 303-307.
    • Handle: RePEc:eee:energy:v:18:y:1993:i:3:p:303-307
    DOI: 10.1016/0360-5442(93)90114-S
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    References listed on IDEAS

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    1. William D. Nordhaus, 1980. "Thinking About Carbon Dioxide: Theoretical and Empirical Aspects of Optimal Control Strategies," Cowles Foundation Discussion Papers 565, Cowles Foundation for Research in Economics, Yale University.
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    Cited by:

    1. Havranek, Tomas & Irsova, Zuzana & Janda, Karel & Zilberman, David, 2015. "Selective reporting and the social cost of carbon," Energy Economics, Elsevier, vol. 51(C), pages 394-406.
    2. Richard S.J. Tol, 2008. "Why Worry About Climate Change? A Research Agenda," Environmental Values, White Horse Press, vol. 17(4), pages 437-470, November.
    3. Tol, Richard S.J., 2013. "Targets for global climate policy: An overview," Journal of Economic Dynamics and Control, Elsevier, vol. 37(5), pages 911-928.
    4. Azar, Christian & Sterner, Thomas, 1996. "Discounting and distributional considerations in the context of global warming," Ecological Economics, Elsevier, vol. 19(2), pages 169-184, November.
    5. Anthoff, David & Rose, Steven K. & Tol, Richard S. J. & Waldhoff, Stephanie, 2011. "The Time Evolution of the Social Cost of Carbon: An Application of FUND," Papers WP405, Economic and Social Research Institute (ESRI).
    6. Richard S J Tol, 2018. "The Economic Impacts of Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
    7. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    8. Richard S. J. Tol, 2021. "Estimates of the social cost of carbon have increased over time," Papers 2105.03656, arXiv.org, revised Aug 2022.

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