High unknowability of climate damage valuation means the social cost of carbon will always be disputed
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KeywordsClimate policy; cost-benefit analysis; global warming; centennial damage valuation; high unknowability; cost-effectiveness analysis;
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-AGR-2018-03-12 (Agricultural Economics)
- NEP-ALL-2018-03-12 (All new papers)
- NEP-ENV-2018-03-12 (Environmental Economics)
- NEP-HME-2018-03-12 (Heterodox Microeconomics)
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