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Meta-emulation: An application to the social cost of carbon

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  • Richard S. J. Tol

Abstract

A large database of published model results is used to estimate the distribution of the social cost of carbon as a function of the underlying assumptions. The literature on the social cost of carbon deviates in its assumptions from the literatures on the impacts of climate change, discounting, and risk aversion. The proposed meta-emulator corrects this. The social cost of carbon is higher than reported in the literature.

Suggested Citation

  • Richard S. J. Tol, 2025. "Meta-emulation: An application to the social cost of carbon," Papers 2507.01804, arXiv.org.
    • Handle: RePEc:arx:papers:2507.01804
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