Review of DEFRA paper : “ The Social Cost of Carbon a nd the Shadow Price of Carbon : what they are , and how to use them in Ec onomic Appraisal in the UK ”

@inproceedings{Dietz2007ReviewOD,
  title={Review of DEFRA paper : “ The Social Cost of Carbon a nd the Shadow Price of Carbon : what they are , and how to use them in Ec onomic Appraisal in the UK ”},
  author={Simon Dietz},
  year={2007}
}
This paper sets out my comments on DEFRA's new guidance on how to price greenhouse gas emissions – 'carbon' for short – into economic appraisal in the UK. The DEFRA paper begins by drawing a distinction between the social cost of carbon and the shadow price of carbon for use in government economic appraisal in the UK. While the terminology is confusing, this is an improvement on previous guidance, because it correspondingly draws a distinction between setting overall government policy on… CONTINUE READING
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