The Social Cost of Carbon: Valuing Inequality, Risk, and Population for Climate Policy

  title={The Social Cost of Carbon: Valuing Inequality, Risk, and Population for Climate Policy},
  author={M. Fleurbaey and Maddalena Ferranna and Mark Budolfson and Francis Dennig and Kian Mintz-Woo and R. Socolow and Dean Spears and St{\'e}phane Zuber},
  journal={The Monist},
We analyze the role of ethical values in the determination of the social cost of carbon, arguing that the familiar debate about discounting is too narrow. Other ethical issues are equally important to computing the social cost of carbon, and we highlight inequality, risk, and population ethics. Although the usual approach, in the economics of costbenefit analysis for climate policy, is confined to a utilitarian axiology, the methodology of the social cost of carbon is rather flexible and can be… Expand
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