Abstract

http://ssrn.com/abstract=1974112
 
 

References (44)



 


 



The Time Evolution of the Social Cost of Carbon: An Application of Fund


David Anthoff


University of California, Berkeley - Department of Agricultural & Resource Economics

Steven Rose


Electric Power Research Institute

Richard S. J. Tol


VU University Amsterdam - Institute for Environmental Studies (IVM); Carnegie Mellon University - Center for Integrated Study of the Human Dimensions of Global Change; University of Hamburg - Centre for Marine and Climate Research (ZMK); Princeton University

Stephanie T. Waldhoff


affiliation not provided to SSRN

2011

Economics Discussion Paper No. 2011-44

Abstract:     
The authors estimate the growth rate of the social cost of carbon. This is an indication of the optimal rate of acceleration of greenhouse gas emission reduction policy over time. The authors find that the social cost of carbon increases by 1.3% to 3.9% per year, with a central estimate of 2.2%. Previous studies found an average rate of 2.3% and a range of 0.9 to 4.1%. The rate of increase of the social carbon depends on a range of factors, including the pure rate of time preference, the rate of risk aversion, equity weighting, the socioeconomic and emission scenarios, the climate sensitivity, dynamic vulnerability, and the curvature of the impact functions.

Number of Pages in PDF File: 22

Keywords: social cost of carbon

JEL Classification: Q54

working papers series





Download This Paper

Date posted: December 18, 2011  

Suggested Citation

Anthoff, David and Rose, Steven and Tol, Richard S. J. and Waldhoff, Stephanie T., The Time Evolution of the Social Cost of Carbon: An Application of Fund (2011). Economics Discussion Paper No. 2011-44. Available at SSRN: http://ssrn.com/abstract=1974112 or http://dx.doi.org/10.2139/ssrn.1974112

Contact Information

David Anthoff (Contact Author)
University of California, Berkeley - Department of Agricultural & Resource Economics
Berkeley, CA 94720
United States
+1 (510) 213-6717 (Phone)
Steven Rose
Electric Power Research Institute
3412 Hillview Avenue
P.O. Box 10412
Palo Alto, CA 94304-1395
United States
Richard S. J. Tol
VU University Amsterdam - Institute for Environmental Studies (IVM) ( email )
De Boelelaan 1115
Amsterdam, 1081 HV
Netherlands
+31 20 444 9555 (Phone)
+31 20 444 9553 (Fax)
Carnegie Mellon University - Center for Integrated Study of the Human Dimensions of Global Change
Pittsburgh, PA 15213-3890
United States
University of Hamburg - Centre for Marine and Climate Research (ZMK)
Troplowitzstrasse 7
D-22529 Hamburg
Germany
Princeton University ( email )
22 Chambers Street
Princeton, NJ 08544
United States
Stephanie T. Waldhoff
affiliation not provided to SSRN
Feedback to SSRN


Paper statistics
Abstract Views: 144
Downloads: 25
References:  44
People who downloaded this paper also downloaded:
1. Discounting for Climate Change
By David Anthoff, Richard Tol, ...

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.343 seconds