全球智库信息集成服务系统(G2TT): The Social Cost of Stochastic and Irreversible Climate Change

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w18704
来源ID	Working Paper 18704
	The Social Cost of Stochastic and Irreversible Climate Change
	Yongyang Cai; Kenneth L. Judd; Thomas S. Lontzek
发表日期	2013-01-17
出版年	2013
语种	英语
摘要	There is great uncertainty about the impact of anthropogenic carbon on future economic wellbeing. We use DSICE, a DSGE extension of the DICE2007 model of William Nordhaus, which incorporates beliefs about the uncertain economic impact of possible climate tipping events and uses empirically plausible parameterizations of Epstein-Zin preferences to represent attitudes towards risk. We find that the uncertainty associated with anthropogenic climate change imply carbon taxes much higher than implied by deterministic models. This analysis indicates that the absence of uncertainty in DICE2007 and similar models may result in substantial understatement of the potential benefits of policies to reduce GHG emissions.
主题	Microeconomics ; Mathematical Tools ; Economics of Information ; Environmental and Resource Economics ; Environment
URL	https://www.nber.org/papers/w18704
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/576378
推荐引用方式 GB/T 7714	Yongyang Cai,Kenneth L. Judd,Thomas S. Lontzek. The Social Cost of Stochastic and Irreversible Climate Change. 2013.