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Towards a social cost of carbon with national characteristics

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  • Dong, Jinchi
  • Tol, Richard S.J.
  • Wang, Fangzhi

Abstract

The majority of estimates of the social cost of carbon use preference parameters calibrated to data for North America and Europe. We here use statistically representative data for attitudes to time and risk across the world. The social cost of carbon is substantially higher in the global north than in the south. The difference is more pronounced if we count people rather than countries.

Suggested Citation

  • Dong, Jinchi & Tol, Richard S.J. & Wang, Fangzhi, 2024. "Towards a social cost of carbon with national characteristics," Economics Letters, Elsevier, vol. 244(C).
    • Handle: RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004610
    DOI: 10.1016/j.econlet.2024.111977
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    More about this item

    Keywords

    Social cost of carbon;

    JEL classification:

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

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