The risk-adjusted carbon price
The social cost of carbon is the expected present value of damages from emitting one ton of carbon today. We use perturbation theory to derive an approximate tractable expression for this cost adjusted for climatic and economic risk. We allow for different aversion to risk and intertemporal fluctuat...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
American Economic Association
2021
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