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Social cost of carbon

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This RePEc Biblio topic is edited by Richard S.J. Tol. It was first published on 2021-01-28 09:55:50 and last updated on 2021-01-28 10:00:25.

Introduction by the editor

The social cost of carbon is the marginal damage done by emitting an additional tonne of carbon dioxide. When evaluated along the optimal emissions trajectory, it equals the Pigou tax.

Most relevant link for this topic

https://en.wikipedia.org/wiki/Social_cost_of_carbon

Most relevant JEL codes

• Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

Most relevant NEP reports

NEP reports are email or RSS notifications about new research in selected fields. Subscriptions are free.

NEP-ENV (Environmental Economics)
• NEP-ENE (Energy Economics)

Most relevant research

1. Nordhaus, William, 1982. "How Fast Should We Graze the Global Commons?," American Economic Review, American Economic Association, vol. 72(2), pages 242-246, May.
   • William D. Nordhaus, 1982. "How Fast Should We Graze the Global Commons?," Cowles Foundation Discussion Papers 615, Cowles Foundation for Research in Economics, Yale University.
2. Nordhaus, William D., 1993. "Rolling the 'DICE': an optimal transition path for controlling greenhouse gases," Resource and Energy Economics, Elsevier, vol. 15(1), pages 27-50, March.
   • William D. Nordhaus, 1992. "Rolling the 'Dice': An Optimal Transition Path for Controlling Greenhouse Gases," Cowles Foundation Discussion Papers 1019, Cowles Foundation for Research in Economics, Yale University.
3. Tol, Richard S. J., 2005. "The marginal damage costs of carbon dioxide emissions: an assessment of the uncertainties," Energy Policy, Elsevier, vol. 33(16), pages 2064-2074, November.
4. Nicholas Stern, 2008. "The Economics of Climate Change," American Economic Review, American Economic Association, vol. 98(2), pages 1-37, May.
5. Michael Greenstone & Elizabeth Kopits & Ann Wolverton, 2013. "Developing a Social Cost of Carbon for US Regulatory Analysis: A Methodology and Interpretation," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(1), pages 23-46, January.
6. Martin L. Weitzman, 2013. "Tail-Hedge Discounting and the Social Cost of Carbon," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 873-882, September.
   • Weitzman, Martin L., 2013. "Tail-Hedge Discounting and the Social Cost of Carbon," Scholarly Articles 12841971, Harvard University Department of Economics.
7. David Anthoff & Richard Tol, 2013. "The uncertainty about the social cost of carbon: A decomposition analysis using fund," Climatic Change, Springer, vol. 117(3), pages 515-530, April.
   • Anthoff, David & Tol, Richard S. J., 2011. "The Uncertainty about the Social Cost of Carbon: A Decomposition Analysis Using FUND," Papers WP404, Economic and Social Research Institute (ESRI).
8. Mikhail Golosov & John Hassler & Per Krusell & Aleh Tsyvinski, 2014. "Optimal Taxes on Fossil Fuel in General Equilibrium," Econometrica, Econometric Society, vol. 82(1), pages 41-88, January.
   • Golosov, Mikhail & Hassler, John & Krusell, Per & Tsyvinski, Aleh, 2011. "Optimal taxes on fossil fuel in general equilibrium," CEPR Discussion Papers 8527, C.E.P.R. Discussion Papers.
   • Mikhail Golosov & John Hassler & Per Krusell & Aleh Tsyvinski, 2011. "Optimal Taxes on Fossil Fuel in General Equilibrium," NBER Working Papers 17348, National Bureau of Economic Research, Inc.
9. Richard S J Tol, 2018. "The Economic Impacts of Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
   • Richard S. J. Tol, 2010. "The Economic Impact of Climate Change," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 11(s1), pages 13-37, May.
   • Tol, Richard S. J., 2008. "The Economic Impact of Climate Change," Papers WP255, Economic and Social Research Institute (ESRI).
   • Richard S. J. Tol, 2015. "Economic impacts of climate change," Working Paper Series 7515, Department of Economics, University of Sussex Business School.
10. Yongyang Cai & Thomas S. Lontzek, 2019. "The Social Cost of Carbon with Economic and Climate Risks," Journal of Political Economy, University of Chicago Press, vol. 127(6), pages 2684-2734.
    • Yongyang Cai & Kenneth L. Judd & Thomas S. Lontzek, 2015. "The Social Cost of Carbon with Economic and Climate Risks," Papers 1504.06909, arXiv.org, revised Apr 2015.
11. David Anthoff & Johannes Emmerling, 2019. "Inequality and the Social Cost of Carbon," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 6(2), pages 243-273.
12. Pindyck, Robert S., 2019. "The social cost of carbon revisited," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 140-160.
    • Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.

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