This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
The Social Cost of Carbon and its Policy Implications Author info | Abstract | Publisher info | Download info | Related research | Statistics David Pearce
Additional information is available for the following
registered author(s):
The shadow price, or 'social cost', of carbon is an important indicator of the global incremental damage done by emitting greenhouse gases today. Cost--benefit analysis would set the optimal amount of greenhouse-gas-emission reduction at the point where this social cost just equals the incremental cost of controlling emissions. The higher the value for the social cost of carbon, the more control is warranted. This comparison assumes that cost--benefit analysis is the correct way of determining climate-change policy, and many believe this is not the case because of the very long-term, irreversible, and potentially catastrophic nature of global warming. But, in the short run at least, a comparison of cost and benefits is required, and, in any event, all decisions imply costs and benefits. But what is the 'right' figure for the social cost of carbon? This paper reviews the UK government's assessment of the cost and concludes that it has been set far too high because of a misreading of the integrated assessment models used to balance costs and benefits. Moreover, adoption of the UK government's shadow price would have formidable implications for energy policy in the UK, and for policies on afforestation. Copyright 2003, Oxford University Press.
To our knowledge, this item is not available for
download . To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Article provided by Oxford University Press in its journal Oxford Review of Economic Policy .
Volume (Year): 19 (2003)
Issue (Month): 3 ()
Pages: 362-384
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:oup:oxford:v:19:y:2003:i:3:p:362-384Contact details of provider: Web page: http://oxrep.oupjournals.org/
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
John Pezzey & Nick Hanley & Karen Turner & Dugald Tinch, 2003.
"Augmented Sustainability Measures for Scotland ,"
Working Papers
2003_11, Department of Economics, University of Glasgow.
[Downloadable!]
Other versions: Parry, Ian, 2003.
"Fiscal Interactions and the Case for Carbon Taxes over Grandfathered Carbon Permits ,"
Discussion Papers
dp-03-46, Resources For the Future.
[Downloadable!]
Other versions: Cameron Hepburn & Phoebe Koundouri & Ekaterini Panopoulou & Theologos Pantelidis, 2006.
"Social Discounting Under Uncertainty: A cross-country comparison ,"
The Institute for International Integration Studies Discussion Paper Series
iiisdp177, IIIS.
[Downloadable!]
Other versions:
Hepburn, Cameron & Koundouri, Phoebe & Panopoulou, Ekaterini & Pantelidis, Theologos, 2009.
"Social discounting under uncertainty: A cross-country comparison ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 57(2), pages 140-150, March.
[Downloadable!] (restricted) Anthoff, David, 2009.
"Optimal Global Dynamic Carbon Taxation ,"
Papers
WP278, Economic and Social Research Institute (ESRI).
[Downloadable!]
Xavier Labandeira & José María Labeaga & Miguel Rodríguez, 2008.
"The Costs of Kyoto Adjustments for Spanish Households ,"
Working Papers
2008-02, FEDEA.
[Downloadable!]
Richard S. J. Tol & Seán Lyons, 2008.
"Incorporating GHG Emission Costs in the Economic Appraisal of Projects Supported by State Development Agencies ,"
Papers
WP247, Economic and Social Research Institute (ESRI).
[Downloadable!]
Parry, Ian, 2005.
"Should Fuel Taxes Be Scrapped in Favor of Per-Mile Charges? ,"
Discussion Papers
dp-05-36, Resources For the Future.
[Downloadable!]
Tol, Richard S. J., 2008.
"The Social Cost of Carbon: Trends, Outliers and Catastrophes ,"
Economics - The Open-Access, Open-Assessment E-Journal ,
Kiel Institute for the World Economy, vol. 2(25), pages 1-22.
[Downloadable!]
Other versions:
Tol, Richard S.J., 2007.
"The Social Cost of Carbon: Trends, Outliers and Catastrophes ,"
Economics Discussion Papers
2007-44, Kiel Institute for the World Economy.
[Downloadable!] Richard S.J. Tol, 2007.
"The Social Cost Of Carbon: Trends, Outliers And Catastrophes ,"
Working Papers
FNU-144, Research unit Sustainability and Global Change, Hamburg University, revised Aug 2007.
[Downloadable!] Parry, Ian, 2004.
"Fiscal Interactions and the Costs of Controlling Pollution from Electricity ,"
Discussion Papers
dp-04-27, Resources For the Future.
[Downloadable!]
Other versions: Parry, Ian & Fischer, Carolyn & Harrington, Winston, 2004.
"Should Corporate Average Fuel Economy (CAFE) Standards Be Tightened? ,"
Discussion Papers
dp-04-53, Resources For the Future.
[Downloadable!]
Xavier Labandeira & Jose M. Labeaga & Miguel Rodriguez, 2004.
"Microsimulating the Effects of Household Energy Price Changes in Spain ,"
Public Economics
0412001, EconWPA, revised 02 Dec 2004.
[Downloadable!]
Other versions: David Anthoff & Richard S.J. Tol, 2007.
"On International Equity Weights And National Decision Making On Climate Change ,"
Working Papers
FNU-127, Research unit Sustainability and Global Change, Hamburg University, revised Feb 2007.
[Downloadable!]
Other versions: Ian W. H. Parry & Kenneth A. Small, 2005.
"Does Britain or the United States Have the Right Gasoline Tax? ,"
American Economic Review ,
American Economic Association, vol. 95(4), pages 1276-1289, September.
[Downloadable!]
Other versions: David Anthoff & Robert J. Nicholls & Richard S.J. Tol, 2007.
"Sea Level Rise And Equity Weighting ,"
Working Papers
FNU-136, Research unit Sustainability and Global Change, Hamburg University, revised May 2007.
[Downloadable!]
David Anthoff & Robert J. Nicholls & Edgar L.W. Morgenroth & Richard S.J. Tol, .
"The Economic Impact of Substantial Sea-Level Rise ,"
Working Papers
FNU-175, Research unit Sustainability and Global Change, Hamburg University.
[Downloadable!]
Kopp, Raymond, 2004.
"Near-Term Greenhouse Gas Emissions Targets ,"
Discussion Papers
dp-04-41, Resources For the Future.
[Downloadable!]
Olivier Godard, 2007.
"Climat et générations futures - Un examen critique du débat académique suscité par le Rapport Stern ,"
Working Papers
hal-00243059_v1, HAL.
[Downloadable!]
Fabiosa, Jacinto F. & Beghin, John C. & Dong, Fengxia & Elobeid, Amani & Tokgoz, Simla & Yu, Tun-Hsiang (Edward), 2008.
"Land Allocation Effects of the Global Ethanol Surge: Predictions from the International FAPRI Model ,"
Staff General Research Papers
12877, Iowa State University, Department of Economics.
[Downloadable!]
Other versions:
Fabiosa, Jacinto F. & Beghin, John C. & Dong, Fengxia & Elobeid, Amani & Tokgoz, Simla & Yu, Tun-Hsiang, 2009.
"Land Allocation Effects of the Global Ethanol Surge: Predictions from the International FAPRI Model ,"
Staff General Research Papers
13054, Iowa State University, Department of Economics.
[Downloadable!] Jacinto F. Fabiosa & John C. Beghin & Fengxia Dong & Amani Elobeid & Simla Tokgoz & Tun-Hsiang (Edward) Yu, 2009.
"Land Allocation Effects of the Global Ethanol Surge: Predictions from the International FAPRI Model ,"
Center for Agricultural and Rural Development (CARD) Publications
09-wp488, Center for Agricultural and Rural Development (CARD) at Iowa State University.
[Downloadable!] Jacinto F. Fabiosa & John C. Beghin & Fengxia Dong & Amani Elobeid & Simla Tokgoz & Tun-Hsiang (Edward) Yu, 2009.
"Land Allocation Effects of the Global Ethanol Surge: Predictions from the International FAPRI Model ,"
Food and Agricultural Policy Research Institute (FAPRI) Publications
09-wp488, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
[Downloadable!] Alistair Ulph & David Ulph, 2007.
"Climate change—environmental and technology policies in a strategic context ,"
Environmental & Resource Economics ,
European Association of Environmental and Resource Economists, vol. 37(1), pages 159-180, May.
[Downloadable!] (restricted)
Access and
download statistics Did you know? IDEAS also computes impact factors for journals and working paper series.
This page was last updated on 2009-11-8.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .