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CALCULATING THE SOCIAL COSTS OF CARBON WITHOUT KNOWING PREFERENCES COMMENT ON "A RAPID ASSESSMENT MODEL FOR UNDERSTANDING THE SOCIAL COST OF CARBON"

The Social Costs of Carbon (SCC) equals the marginal welfare loss associated with one unit of emitted CO2, divided by the marginal welfare gain associated with one unit of consumption. In stochastic assessments, both the nominator and denominator can depend on uncertain parameters; specifically... Full description

1st Person: GERLAGH, REYER verfasserin
Source: in Climate Change Economics Vol. 5, No. 2 (2014), p. 1-7
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Type of Publication: Article
Language: English
Published: 2014
Keywords: Climate change
social cost of carbon
integrated assessment models
uncertainty
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