Country-level social cost of carbon

  title={Country-level social cost of carbon},
  author={Katharine L Ricke and Laurent Drouet and Ken Caldeira and Massimo Tavoni},
  journal={Nature Climate Change},
The social cost of carbon (SCC) is a commonly employed metric of the expected economic damages from carbon dioxide (CO2) emissions. Although useful in an optimal policy context, a world-level approach obscures the heterogeneous geography of climate damage and vast differences in country-level contributions to the global SCC, as well as climate and socio-economic uncertainties, which are larger at the regional level. Here we estimate country-level contributions to the SCC using recent climate… 
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  • W. Nordhaus
  • Economics
    Proceedings of the National Academy of Sciences
  • 2017
Significance The most important single economic concept in the economics of climate change is the social cost of carbon (SCC). At present, regulations with more than $1 trillion of benefits have been
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  • W. Nordhaus
  • Economics
    Journal of the Association of Environmental and Resource Economists
  • 2014
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  • R. Pindyck
  • Economics
    Journal of Environmental Economics and Management
  • 2019
An estimate of the social cost of carbon (SCC) is key to climate policy. But how should we estimate the SCC? A common approach is to use an integrated assessment model (IAM) to simulate time paths
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