The Social Cost of Carbon
General Economics
2023-10-20 v1 Physics and Society
Economics
Abstract
The social cost of carbon is the damage avoided by slightly reducing carbon dioxide emissions. It is a measure of the desired intensity of climate policy. The social cost of carbon is highly uncertain because of the long and complex cause-effect chain, and because it quantifies and aggregates impacts over a long period of time, affecting all people in a wide range of possible futures. Recent estimates are around \_2$.
Cite
@article{arxiv.2310.12760,
title = {The Social Cost of Carbon},
author = {Richard S. J. Tol},
journal= {arXiv preprint arXiv:2310.12760},
year = {2023}
}