dc.contributor.author | TOL, RICHARD S. J. | |
dc.date.accessioned | 2011-07-13T15:06:11Z | |
dc.date.available | 2011-07-13T15:06:11Z | |
dc.date.issued | 29/06/2011 | |
dc.date.submitted | 2011 | en |
dc.identifier.citation | Ceronsky, Megan; Anthoff, David; Hepburn, Cameron; Tol, Richard S. J., Checking the Price Tag on Catastrophe: The Social Cost of Carbon Under Non-linear Climate Response, 2011 | en |
dc.identifier.other | N | |
dc.description | PUBLISHED | en |
dc.description.abstract | Research into the social cost of carbon emissions ? the marginal social damage from a tonne of emitted carbon ? has tended to focus on ?best guess? scenarios. Such scenarios generally ignore the potential for low-probability, high-damage events, which are critically important to determining optimal climate policy. This paper uses the FUND integrated assessment model to investigate the influence of three types of low-probability, high-impact climate responses on the social cost of carbon: the collapse of the Atlantic Ocean Meridional Overturning Circulation; large scale dissociation of oceanic methane hydrates; and climate sensitivities above ?best guess? levels. We find that incorporating these events can increase the social cost of carbon by a factor of over 3. | en |
dc.language.iso | en | en |
dc.publisher | ESRI | en |
dc.relation.ispartofseries | ESRI Working Paper;392 | |
dc.rights | Y | en |
dc.subject | Climate Change | en |
dc.subject | Economics | en |
dc.subject | non-linearity | en |
dc.subject | catastrophe | en |
dc.title | Checking the Price Tag on Catastrophe: The Social Cost of Carbon Under Non-linear Climate Response | en |
dc.type | Working Paper | en |
dc.type.supercollection | scholarly_publications | en |
dc.identifier.peoplefinderurl | http://people.tcd.ie/tolr | |
dc.identifier.rssinternalid | 74009 | |
dc.identifier.uri | http://hdl.handle.net/2262/57635 | |