全球智库信息集成服务系统(G2TT): A Simple Formula for the Social Cost of Carbon

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	A Simple Formula for the Social Cost of Carbon
	Inge van den Bijgaart; Reyer Gerlagh; Luuk Korsten; Matti Liski
发表日期	2013
出处	Climate Change and Sustainable Development
出版年	2013
语种	英语
摘要	The social cost of carbon (SCC), commonly referred to as the carbon price, is the monetized damage from emitting one unit of CO2 to the atmosphere. The SCC is typically obtained from large-scale computational Integrated Assessment Models (IAMs) that consolidate interdisciplinary climate research inputs to obtain a carbon price estimate relevant for policy-making. However, the climate economy interactions of IAMs remain inaccessible to scientists in general. Here we develop a simple closed-form formula that captures the key physical and economic determinants of the SCC in the IAMs. For a mainstream IAM, it explains over 99 percent of the within-model variation originating from structural uncertainties; in an inter-model comparison, the structural variation captured by the formula matches closely a SCC distribution of previous SCC estimates. The precise replication of the SCC estimates is strikingly free of details such as those on future policy and technology options, or even carbon concentration levels; the size of the current economy and the emissions-temperature-damage response are the dominant SCC determinants in the IAMs. The structural interpretation given allows decision-makers to disentangle the subjective and structural determinants of the carbon price. Structural uncertainties alone lead to a strongly right-skewed density with median 15 €/tCO2, mean 31 €/tCO2, and more than 5 percent probability for higher than 100 €/tCO2 for year 2015. *** Suggested citation: van den Bijgaart, I., R. Gerlagh, L. Korsten, M. Liski, (2013),'A Simple Formula for the Social Cost of Carbon', Nota di Lavoro 83.2013, Milan, Italy: Fondazione Eni Enrico Mattei.
特色分类	Q50;Q51;Q52
关键词	Climate Change Carbon Price Integrated Assessment Models Uncertainty
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/a-simple-formula-for-the-social-cost-of-carbon/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118115
推荐引用方式 GB/T 7714	Inge van den Bijgaart,Reyer Gerlagh,Luuk Korsten,et al. A Simple Formula for the Social Cost of Carbon. 2013.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
20131091012331Nota_d（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
20131091012444NDL201（1399KB）	智库出版物		限制开放	CC BY-NC-SA	浏览