Beyond the Social Cost of Carbon: The Real Economic Lessons About the Determinants of Harm from Changing Climate and Their Implications for Climate Policy

2015 ◽  
Author(s):  
Jason Scott Johnston
Keyword(s):  
Climate Policy ◽  
Social Cost ◽  
Social Cost Of Carbon ◽  
The Real ◽  
Changing Climate ◽  
The Social

scholarly journals Agreeing to disagree on climate policy

2014 ◽  
Vol 111 (10) ◽  
pp. 3695-3698 ◽  
Author(s):  
Geoffrey M. Heal ◽  
Antony Millner
Keyword(s):  
Climate Change ◽  
Climate Policy ◽  
Discount Rate ◽  
Social Cost ◽  
Time Dependent ◽  
Social Cost Of Carbon ◽  
Agreeing To Disagree ◽  
The Social ◽  
The Us ◽  
Us Government

Disagreements about the value of the utility discount rate—the rate at which our concern for the welfare of future people declines with their distance from us in time—are at the heart of the debate about the appropriate intensity of climate policy. Seemingly small differences in the discount rate yield very different policy prescriptions, and no consensus “correct” value has been identified. We argue that the choice of discount rate is an ethical primitive: there are many different legitimate opinions as to its value, and none should receive a privileged place in economic analysis of climate policy. Rather, we advocate a social choice-based approach in which a diverse set of individual discount rates is aggregated into a “representative” rate. We show that performing this aggregation efficiently leads to a time-dependent discount rate that declines monotonically to the lowest rate in the population. We apply this discounting scheme to calculations of the social cost of carbon recently performed by the US government and show that it provides an attractive compromise between competing ethical positions, and thus provides a possible resolution to the ethical impasse in climate change economics.

scholarly journals The Social Cost of Carbon: Valuing Inequality, Risk, and Population for Climate Policy

The Monist ◽  
2018 ◽  
Vol 102 (1) ◽  
pp. 84-109 ◽  
Author(s):  
Marc Fleurbaey ◽  
Maddalena Ferranna ◽  
Mark Budolfson ◽  
Francis Dennig ◽  
Kian Mintz-Woo ◽  
...  
Keyword(s):  
Climate Policy ◽  
Social Cost ◽  
Social Cost Of Carbon ◽  
The Social

Keep climate policy focused on the social cost of carbon

Science ◽  
2021 ◽  
Vol 373 (6557) ◽  
pp. 850-852
Author(s):  
Joseph E. Aldy ◽  
Matthew J. Kotchen ◽  
Robert N. Stavins ◽  
James H. Stock
Keyword(s):  
Climate Policy ◽  
Social Cost ◽  
Social Cost Of Carbon ◽  
The Social

Does Using the Social Cost of Carbon Matter?: An Assessment of U.S. Policy

2013 ◽  
Author(s):  
Robert W. Hahn ◽  
Robert Ritz
Keyword(s):  
Social Cost ◽  
Social Cost Of Carbon ◽  
The Social ◽  
Carbon Matter

The social cost of carbon in a non-cooperative world

2021 ◽  
pp. 103490
Author(s):  
Christoph Hambel ◽  
Holger Kraft ◽  
Eduardo Schwartz
Keyword(s):  
Social Cost ◽  
Social Cost Of Carbon ◽  
The Social

scholarly journals Why the social cost of carbon will always be disputed

2018 ◽  
Vol 10 (1) ◽  
pp. e558 ◽  
Author(s):  
John C. V. Pezzey
Keyword(s):  
Social Cost ◽  
Social Cost Of Carbon ◽  
The Social

scholarly journals Climate Impacts on Economic Growth as Drivers of Uncertainty in the Social Cost of Carbon

2013 ◽  
Author(s):  
Elisabeth J. Moyer ◽  
Mark D. Woolley ◽  
Michael Glotter ◽  
David A. Weisbach
Keyword(s):  
Economic Growth ◽  
Social Cost ◽  
Climate Impacts ◽  
Social Cost Of Carbon ◽  
The Social

scholarly journals The Social Cost of Carbon: Trends, Outliers and Catastrophes

2008 ◽  
Vol 2 (2008-25) ◽  
pp. 1 ◽  
Author(s):  
Richard S. J. Tol
Keyword(s):  
Social Cost ◽  
Social Cost Of Carbon ◽  
The Social
Sign in / Sign up

Export Citation Format

Share Document