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The Social Cost of Carbon from Theory to Trump

In Ravi Kanbur & Henry Shue, Climate Justice: Integrating Economics and Philosophy. Oxford University Press (2018)

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  1. The Social Cost of Carbon, Abatement Costs, and Individual Climate Duties.Colin Hickey - 2023 - Ethics, Policy and Environment 26 (3):474-491.
    In this paper I examine the relation between Social Cost of Carbon (SCC) estimates, abatement cost analyses, and individual climate duties. I first highlight the stakes that SCC and abatement cost estimates potentially have for the content of individual duties to either pay the full or fair cost of their carbon emissions, or offset the volume of their emissions. I survey four methodological options (a minimalist approach, a precautionary approach, an averaging approach, and what I call a ‘sufficiency-bounded’ precautionary approach) (...)
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  • Social Discounting and the Tragedy of the Horizon: from the Stern-Nordhaus debate to target-consistent prices.Ramiro Peres - 2024 - Working Paper Series - Banco Central Do Brasil.
    This paper reviews debates related to the social cost of carbon (SCC) and the challenge of pricing uncertain damages that will occur only in the future. They often revolve around the pure time preference rate, which reflects how much one favors present over future well-being. The SCC measures the marginal cost of the impact on economic growth caused by the emission of a quantity of greenhouse gases equivalent to an additional ton of carbon dioxide (tCO2eq). There is significant variance among (...)
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