TITLE

Pricing Carbon When We Don't Know the Right Price

AUTHOR(S)
PINDYCK, ROBERT S.
PUB. DATE
June 2013
SOURCE
Regulation;Summer2013, Vol. 36 Issue 2, p43
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
90571212

 

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