Journal Article

No. 2008-25 | August 12, 2008
The Social Cost of Carbon: Trends, Outliers and Catastrophes PDF Icon

Abstract

211 estimates of the social cost of carbon are included in a meta-analysis. The results confirm that a lower discount rate implies a higher estimate; and that higher estimates are found in the gray literature. It is also found that there is a downward trend in the economic impact estimates of the climate; that the Stern Review’s estimates of the social cost of carbon is an outlier; and that the right tail of the distribution is fat. There is a fair chance that the annual climate liability exceeds the annual income of many people.

Data Set

Data sets for articles published in "Economics" are available at Dataverse. Please have a look at our repository.

The data set for this article can be found at: http://hdl.handle.net/1902.1/13723

JEL Classification

Q54

Citation

Richard S. J. Tol (2008). The Social Cost of Carbon: Trends, Outliers and Catastrophes. Economics: The Open-Access, Open-Assessment E-Journal, 2 (2008-25). http://dx.doi.org/10.5018/economics-ejournal.ja.2008-25

Assessment

Downloads: 10075 (Journalarticle: 7354, Discussionpaper: 2721)
Citations (@RePEc): 26
external link Search this article at Google Scholar



Comments and Questions