Pricing Carbon When We Don't Know the Right Price

June 2013
Regulation;Summer2013, Vol. 36 Issue 2, p43
Academic Journal
The article discusses the fundamental uncertainties surrounding climate change and thus the social cost of carbon (SCC). The difficulty to arrive at a number for the SCC is highlighted. The likelihood and possible effect of a climate catastrophe which is an increase in global mean temperature by 2063 or 3013 is noted. The need to establish a carbon tax is stressed despite the uncertainty of the social cost of carbon.


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