Economics, General Economics, General Economics (econ.GN), Physics and Society (physics.soc-ph)
journal:
--
date:
2023-10-18 16:00:00
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 $\$$80/tCO$_2$.PDF: The Social Cost of Carbon.pdf
