Estimates of the Social Cost of Carbon: Concepts and Results from the DICE-2013R Model and Alternative Approaches

By William Nordhaus. Journal of the Association of Environmental and Resource Economists, 2014

507 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Environmental Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/42021b5aa2860812949112fcb5a69343ef708757

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Environmental Engineering

In Renewable Energy, Sustainability and the Environment

Citations in the corpus

Projections and Uncertainties about Climate Change in an Era of Minimal Climate Policies (2018, unknown): “The analysis begins with a discussion of the DICE-2016R2 model, which is a revised version of the DICE-2013R model (see Nordhaus 2014, Nordhaus and Sztorc 2013 for a detailed description of the earlier version).”
Social Norms and Energy Conservation Beyond the US (2020, unknown): “We then compare the HER abatement cost to the avoided social cost of carbon, the usual yardstick to assess the cost-effectiveness of climate change mitigation policies (Greenstone et al. 2013, Nordhaus 2014).”
Natural climate solutions (2017, unknown): “This value is consistent with estimates for the avoided cost to society from holding warming to below 2 °C (7, 25).”
Time, space, place, and the Bonn Challenge global forest restoration target (2017, background): “(2) Private goods only: Costs and benefits are discounted at a social discount rate of 4.3% following Nordhaus (2014), and the NPV per hectare of degraded and restored forests include only private benefits.”
Estimates of the social cost of carbon: A review based on meta-analysis (2019, methodology): “SCC is an important concept and also a crucial tool for economic analysis and implementing climate policies (Nordhaus, 2014).”
Faraway, So Close: Coupled Climate and Economic Dynamics in an Agent-based Integrated Assessment Model (2018, unknown): “Agent-based models (Tesfatsion and Judd, 2006; Fagiolo and Roventini, 2012, 2017) constitute a valuable and promising alternative to IAMs (Smajgl et al., 2011; Farmer et al., 2015; Stern, 2016; Mer-cure et al., 2016; Balint et al., 2017).”
Revisiting the social cost of carbon (2017, methodology): “Up to now, the most recent full-model estimates have been with the DICE-2013R model (2).”