IDEAS home Printed from https://ideas.repec.org/a/nat/natcli/v4y2014i4d10.1038_nclimate2135.html
   My bibliography  Save this article

A lower bound to the social cost of CO2 emissions

Author

Listed:
  • J. C. J. M. van den Bergh

    (ICREA, Barcelona, and Institute of Environmental Science and Technology, Universitat Autonòma de Barcelona
    Faculty of Economics and Business Administration, VU University Amsterdam
    Institute for Environmental Studies, VU University)

  • W. J. W. Botzen

    (Institute for Environmental Studies, VU University)

Abstract

Different estimates of the social cost of carbon make its translation to policy difficult. This Perspective evaluates past estimates of this cost and calculates a lower bound. Results show that dominant values for the social cost of carbon are gross underestimates and suggest that climate policy should be more stringent than previously proposed.

Suggested Citation

  • J. C. J. M. van den Bergh & W. J. W. Botzen, 2014. "A lower bound to the social cost of CO2 emissions," Nature Climate Change, Nature, vol. 4(4), pages 253-258, April.
    • Handle: RePEc:nat:natcli:v:4:y:2014:i:4:d:10.1038_nclimate2135
    DOI: 10.1038/nclimate2135
    as

    Download full text from publisher

    File URL: https://www.nature.com/articles/nclimate2135
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1038/nclimate2135?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard S.J. Tol, 2018. "The impact of climate change and the social cost of carbon," Working Paper Series 1318, Department of Economics, University of Sussex Business School.
    2. Uusitalo, V. & Huttunen, A. & Kareinen, E. & von Wright, T. & Valjakka, M. & Pitkänen, A. & Levänen, J., 2022. "Using personal carbon trading to reduce mobility emissions: A pilot in the Finnish city of Lahti," Transport Policy, Elsevier, vol. 126(C), pages 177-187.
    3. Richard S. J. Tol, 2023. "Social cost of carbon estimates have increased over time," Nature Climate Change, Nature, vol. 13(6), pages 532-536, June.
    4. Schultes, Anselm & Piontek, Franziska & Soergel, Bjoern & Rogelj, Joeri & Baumstark, Lavinia & Kriegler, Elmar & Edenhofer, Ottmar & Luderer, Gunnar, 2020. "Economic damages from on-going climate change imply deeper near-term emission cuts," MPRA Paper 103655, University Library of Munich, Germany.
    5. Margit Schratzenstaller-Altzinger & Alexander Krenek, 2016. "Sustainability-oriented EU Taxes:The Example of a European Carbon-based Flight Ticket Tax," WIFO Studies, WIFO, number 58888.
    6. Brèteau-Amores, Sandrine & Yousefpour, Rasoul & Hanewinkel, Marc & Fortin, Mathieu, 2023. "Forest adaptation strategies to reconcile timber production and carbon sequestration objectives under multiple risks of extreme drought and windstorm events," Ecological Economics, Elsevier, vol. 212(C).
    7. Matthew Adler & David Anthoff & Valentina Bosetti & Greg Garner & Klaus Keller & Nicolas Treich, 2017. "Priority for the worse-off and the social cost of carbon," Nature Climate Change, Nature, vol. 7(6), pages 443-449, June.
    8. Krekel, Christian & Zerrahn, Alexander, 2017. "Does the presence of wind turbines have negative externalities for people in their surroundings? Evidence from well-being data," Journal of Environmental Economics and Management, Elsevier, vol. 82(C), pages 221-238.
    9. Safarzyńska, Karolina & van den Bergh, Jeroen C.J.M., 2018. "A higher rebound effect under bounded rationality: Interactions between car mobility and electricity generation," Energy Economics, Elsevier, vol. 74(C), pages 179-196.
    10. Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.T., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," Ecological Economics, Elsevier, vol. 197(C).
    11. Olsthoorn, Mark & Schleich, Joachim & Gassmann, Xavier & Faure, Corinne, 2017. "Free riding and rebates for residential energy efficiency upgrades: A multi-country contingent valuation experiment," Energy Economics, Elsevier, vol. 68(S1), pages 33-44.
    12. Richard S J Tol, 2018. "The Economic Impacts of Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
    13. Zerrahn, Alexander, 2017. "Wind Power and Externalities," Ecological Economics, Elsevier, vol. 141(C), pages 245-260.
    14. Jeroen C.J.M. van den Bergh & Arild Angelsen & Andrea Baranzini & W.J. Wouter Botzen & Stefano Carattini & Stefan Drews & Tessa Dunlop & Eric Galbraith & Elisabeth Gsottbauer & Richard B. Howarth & Em, 2018. "Parallel tracks towards a global treaty on carbon pricing," Working Papers 2018/12, Institut d'Economia de Barcelona (IEB).
    15. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    16. Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.t., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," LSE Research Online Documents on Economics 114941, London School of Economics and Political Science, LSE Library.
    17. Bello, Carolina & Culot, Laurence & Ruiz Agudelo, Cesar Augusto & Galetti, Mauro, 2021. "Valuing the economic impacts of seed dispersal loss on voluntary carbon markets," Ecosystem Services, Elsevier, vol. 52(C).
    18. Richard S. J. Tol, 2021. "Estimates of the social cost of carbon have increased over time," Papers 2105.03656, arXiv.org, revised Aug 2022.
    19. Bompard, E.F. & Corgnati, S.P. & Grosso, D. & Huang, T. & Mietti, G. & Profumo, F., 2022. "Multidimensional assessment of the energy sustainability and carbon pricing impacts along the Belt and Road Initiative," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nat:natcli:v:4:y:2014:i:4:d:10.1038_nclimate2135. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.nature.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.