Risk aversion, time preference, and the social cost of carbon
نویسندگان
چکیده
منابع مشابه
Risk aversion, time preference, and the social cost of carbon
The Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate policy. We here conduct a systematic sensitivity analysis of this result on two crucial parameters: the rate of pure time preference, and the rate of risk aversion. We show that the social cost of carbon lies anywhere in between 0 and $120 000/tC. However, if we restrict these two parameters to matc...
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ژورنال
عنوان ژورنال: Environmental Research Letters
سال: 2009
ISSN: 1748-9326
DOI: 10.1088/1748-9326/4/2/024002