A Simple Formula for the Social Cost of Carbon
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- van den Bijgaart, Inge & Gerlagh, Reyer & Liski, Matti, 2016. "A simple formula for the social cost of carbon," Journal of Environmental Economics and Management, Elsevier, vol. 77(C), pages 75-94.
References listed on IDEAS
- Thomas Sterner & U. Martin Persson, 2008.
"An Even Sterner Review: Introducing Relative Prices into the Discounting Debate,"
Review of Environmental Economics and Policy,
Association of Environmental and Resource Economists, vol. 2(1), pages 61-76, Winter.
- Sterner, Thomas & Persson, U. Martin, 2007. "An Even Sterner Review: Introducing Relative Prices into the Discounting Debate," Discussion Papers dp-07-37, Resources For the Future.
- Nordhaus, William D, 1991. "To Slow or Not to Slow: The Economics of the Greenhouse Effect," Economic Journal, Royal Economic Society, vol. 101(407), pages 920-937, July.
- Tol, Richard S. J., 2005. "The marginal damage costs of carbon dioxide emissions: an assessment of the uncertainties," Energy Policy, Elsevier, vol. 33(16), pages 2064-2074, November.
- Christian Traeger, 2014.
"Why uncertainty matters: discounting under intertemporal risk aversion and ambiguity,"
Economic Theory,
Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(3), pages 627-664, August.
- Christian Traeger, 2012. "Why Uncertainty Matters - Discounting under Intertemporal Risk Aversion and Ambiguity," CESifo Working Paper Series 3727, CESifo Group Munich.
- Traeger, Christian P., 2012. "Why uncertainty matters - discounting under intertemporal risk aversion and ambiguity," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2w614303, Department of Agricultural & Resource Economics, UC Berkeley.
- Robert Kopp & Bryan Mignone, 2013. "Circumspection, reciprocity, and optimal carbon prices," Climatic Change, Springer, vol. 120(4), pages 831-843, October.
- Armon Rezai & Frederick Van der Ploeg, 2016.
"Intergenerational Inequality Aversion, Growth, and the Role of Damages: Occam's Rule for the Global Carbon Tax,"
Journal of the Association of Environmental and Resource Economists,
University of Chicago Press, vol. 3(2), pages 493-522.
- Rezai, Armon & van der Ploeg, Frederick, 2014. "Intergenerational inequality aversion, growth and the role of damages: Occam’s rule for the global carbon tax," CEPR Discussion Papers 10292, C.E.P.R. Discussion Papers.
- Armon Rezai & Frederick van der Ploeg, 2015. "Intergenerational Inequality Aversion, Growth and the Role of Damages; Occam's rule for the global carbon tax," OxCarre Working Papers 150, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Martin L. Weitzman, 2001.
"Gamma Discounting,"
American Economic Review,
American Economic Association, vol. 91(1), pages 260-271, March.
- Martin L. Weitzman, 1998. "Gamma Discounting," Harvard Institute of Economic Research Working Papers 1843, Harvard - Institute of Economic Research.
- John P. Weyant, Francisco C. de la Chesnaye, and Geoff J. Blanford, 2006. "Overview of EMF-21: Multigas Mitigation and Climate Policy," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 1-32.
- Hoel, Michael & Karp, Larry, 2001.
"Taxes and quotas for a stock pollutant with multiplicative uncertainty,"
Journal of Public Economics,
Elsevier, vol. 82(1), pages 91-114, October.
- Michael Hoel & Larry Karp, 1999. "Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty," Working Papers 1999.15, Fondazione Eni Enrico Mattei.
- Hoel, Michael & Karp, Larry, 2000. "Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9v86p5s7, Department of Agricultural & Resource Economics, UC Berkeley.
- Derek Lemoine & Christian Traeger, 2014. "Watch Your Step: Optimal Policy in a Tipping Climate," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 137-166, February.
- Karp, Larry & Zhang, Jiangfeng, 2006. "Regulation with anticipated learning about environmental damages," Journal of Environmental Economics and Management, Elsevier, vol. 51(3), pages 259-279, May.
- Reyer Gerlagh & Thomas Sterner, 2013. "Rio+20: Looking Back at 20 Years of Environmental and Resource Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(2), pages 155-159, February.
- World Bank, 2012. "World Development Indicators 2012," World Bank Publications, The World Bank, number 6014, January.
- Reyer Gerlagh & Matti Liski, 2014. "Carbon Prices for the Next Hundred Years," CESifo Working Paper Series 4671, CESifo Group Munich.
- Dietz, Simon & Asheim, Geir B., 2012.
"Climate policy under sustainable discounted utilitarianism,"
Journal of Environmental Economics and Management,
Elsevier, vol. 63(3), pages 321-335.
- Simon Dietz & Geir B. Asheim, 2011. "Climate Policy under Sustainable Discounted Utilitarianism," CESifo Working Paper Series 3563, CESifo Group Munich.
- Simon Dietz & Geir B. Asheim, 2011. "Climate policy under sustainable discounted utilitarianism," GRI Working Papers 42, Grantham Research Institute on Climate Change and the Environment.
- Dietz, Simon & Asheim, Geir B., 2011. "Climate policy under sustainable discounted utilitarianism," LSE Research Online Documents on Economics 37578, London School of Economics and Political Science, LSE Library.
- Hope, Chris & Anderson, John & Wenman, Paul, 1993. "Policy analysis of the greenhouse effect : An application of the PAGE model," Energy Policy, Elsevier, vol. 21(3), pages 327-338, March.
- David Anthoff & Richard Tol, 2013. "Erratum to: The uncertainty about the social cost of carbon: A decomposition analysis using fund," Climatic Change, Springer, vol. 121(2), pages 413-413, November.
- Hoel, Michael & Karp, Larry, 2002.
"Taxes versus quotas for a stock pollutant,"
Resource and Energy Economics,
Elsevier, vol. 24(4), pages 367-384, November.
- Hoel, Michael & Karp, Larry, 2001. "Taxes versus Quotas for a Stock Pollutant," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5fx9p7kf, Department of Agricultural & Resource Economics, UC Berkeley.
- van den Bijgaart, Inge & Gerlagh, Reyer & Liski, Matti, 2016.
"A simple formula for the social cost of carbon,"
Journal of Environmental Economics and Management,
Elsevier, vol. 77(C), pages 75-94.
- Inge van den Bijgaart & Reyer Gerlagh & Luuk Korsten & Matti Liski, 2013. "A Simple Formula for the Social Cost of Carbon," Working Papers 2013.83, Fondazione Eni Enrico Mattei.
- Crost, Benjamin & Traeger, Christian P., 2013. "Optimal climate policy: Uncertainty versus Monte Carlo," Economics Letters, Elsevier, vol. 120(3), pages 552-558.
- H. Uzawa, 1961. "Neutral Inventions and the Stability of Growth Equilibrium," Review of Economic Studies, Oxford University Press, vol. 28(2), pages 117-124.
- Stephen C Peck & Thomas J. Teisberg, 1992. "CETA: A Model for Carbon Emissions Trajectory Assessment," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 55-78.
- Kelly, David L. & Kolstad, Charles D., 1999. "Bayesian learning, growth, and pollution," Journal of Economic Dynamics and Control, Elsevier, vol. 23(4), pages 491-518, February.
- Azar, Christian & Schneider, Stephen H., 2002. "Are the economic costs of stabilising the atmosphere prohibitive?," Ecological Economics, Elsevier, vol. 42(1-2), pages 73-80, August.
- Richard S. J. Tol, 2009. "The Economic Effects of Climate Change," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 29-51, Spring.
- Reyer Gerlagh, 2012.
"Carbon Prices for the Next Thousand Years,"
Review of Environment, Energy and Economics - Re3,
Fondazione Eni Enrico Mattei, August.
- Reyer Gerlagh & Matti Liski, 2012. "Carbon Prices for the Next Thousand Years," CESifo Working Paper Series 3855, CESifo Group Munich.
- Leach, Andrew J., 2007.
"The climate change learning curve,"
Journal of Economic Dynamics and Control,
Elsevier, vol. 31(5), pages 1728-1752, May.
- Andrew J. Leach, 2004. "The Climate Change Learning Curve," Cahiers de recherche 04-03, HEC Montréal, Institut d'économie appliquée.
- David Anthoff & Richard Tol, 2013.
"The uncertainty about the social cost of carbon: A decomposition analysis using fund,"
Climatic Change,
Springer, vol. 117(3), pages 515-530, April.
- Anthoff, David & Tol, Richard S. J., 2011. "The Uncertainty about the Social Cost of Carbon: A Decomposition Analysis Using FUND," Papers WP404, Economic and Social Research Institute (ESRI).
- Nordhaus, William D., 1993.
"Rolling the 'DICE': an optimal transition path for controlling greenhouse gases,"
Resource and Energy Economics,
Elsevier, vol. 15(1), pages 27-50, March.
- William D. Nordhaus, 1992. "Rolling the 'Dice': An Optimal Transition Path for Controlling Greenhouse Gases," Cowles Foundation Discussion Papers 1019, Cowles Foundation for Research in Economics, Yale University.
- Jensen, Svenn & Traeger, Christian P., 2014. "Optimal climate change mitigation under long-term growth uncertainty: Stochastic integrated assessment and analytic findings," European Economic Review, Elsevier, vol. 69(C), pages 104-125.
- Armon Rezai & Duncan Foley & Lance Taylor, 2012. "Global warming and economic externalities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(2), pages 329-351, February.
- Mikhail Golosov & John Hassler & Per Krusell & Aleh Tsyvinski, 2014.
"Optimal Taxes on Fossil Fuel in General Equilibrium,"
Econometrica,
Econometric Society, vol. 82(1), pages 41-88, January.
- Golosov, Mikhail & Hassler, John & Krusell, Per & Tsyvinski, Aleh, 2011. "Optimal taxes on fossil fuel in general equilibrium," CEPR Discussion Papers 8527, C.E.P.R. Discussion Papers.
- Mikhail Golosov & John Hassler & Per Krusell & Aleh Tsyvinski, 2011. "Optimal Taxes on Fossil Fuel in General Equilibrium," NBER Working Papers 17348, National Bureau of Economic Research, Inc.
- Ackerman, Frank & Munitz, Charles, 2012. "Climate damages in the FUND model: A disaggregated analysis," Ecological Economics, Elsevier, vol. 77(C), pages 219-224.
- Keller, Klaus & Bolker, Benjamin M. & Bradford, D.F.David F., 2004. "Uncertain climate thresholds and optimal economic growth," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 723-741, July.
More about this item
Keywords
Climate Change; Carbon Price; Integrated Assessment Models; Uncertainty;JEL classification:
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ALL-2013-11-02 (All new papers)
- NEP-ENE-2013-11-02 (Energy Economics)
- NEP-ENV-2013-11-02 (Environmental Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fem:femwpa:2013.83. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (barbara racah). General contact details of provider: http://edirc.repec.org/data/feemmit.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.