Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2017.11.024 |
Intertemporal Distribution, Sufficiency, and the Social Cost of Carbon | |
Haensel, Martin C.1; Quaas, Martin F. | |
2018-04-01 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2018 |
卷号 | 146页码:520-535 |
文章类型 | Article |
语种 | 英语 |
国家 | Germany |
英文摘要 | We explore how the intertemporal distribution of well-being affects the social cost of carbon. In contrast to the literature that studies parameters of a particular social welfare function, such as the discount rate, we shift the focus and directly assume a parametric form for the intertemporal distribution of well-being. This has the advantage of avoiding explicit discounting choices, which has initiated much debate. Specifically, we consider a set of intertemporal distributions that reach a steady-state at a pre-specified level of "sufficient" well-being, or equivalently after a pre-specified "end-of-growth horizon". We numerically illustrate our results in DICE and find that the social cost of carbon increases over-proportionally with the sufficiency level of well-being. While the social cost of carbon in 2015 is US$ 7 if the sufficiency level is four-fold the present level, it is US$ 30 if the sufficiency level is 15-fold, and US$ 100 if the sufficiency level is 26-fold the present level. This shows in a transparent way how conceptions of intergenerational distributive justice drive the social cost of carbon. |
英文关键词 | Climate change Social cost of carbon Optimal tax DICE Optimal growth Sustainability Social welfare function Discounting |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000425202700047 |
WOS关键词 | RISK-AVERSION |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15618 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Kiel, Dept Econ, Wilhelm Seelig Pl 1, D-24118 Kiel, Germany; 2.Kiel Inst World Econ, Kiel, Germany |
推荐引用方式 GB/T 7714 | Haensel, Martin C.,Quaas, Martin F.. Intertemporal Distribution, Sufficiency, and the Social Cost of Carbon[J]. ECOLOGICAL ECONOMICS,2018,146:520-535. |
APA | Haensel, Martin C.,&Quaas, Martin F..(2018).Intertemporal Distribution, Sufficiency, and the Social Cost of Carbon.ECOLOGICAL ECONOMICS,146,520-535. |
MLA | Haensel, Martin C.,et al."Intertemporal Distribution, Sufficiency, and the Social Cost of Carbon".ECOLOGICAL ECONOMICS 146(2018):520-535. |
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