How much damage will climate change do? Recent estimates

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The Economic Value of Forest Ecosystems (2001, background): “Tol et al. (2000) review the studies and suggest that it is difficult to produce estimates of marginal damage above $50 per tC. Taking $34–50 per tC as the range produces very high estimates for the value of forests as carbon stores. In practical terms, however, a better guide to the value of carbon”
Does Britain or the United States Have the Right Gasoline Tax (2005, background): “Tol et al. (2000) review the estimates and conclude that (p. 199): “it is questionable to assume that the marginal damage costs exceed $50 /tC” (metric ton carbon). In fact, nearly all the evidence reviewed by Tol et al. suggests values considerably lower than this upper bound. Fankhauser (1994), us”
Estimates of the Damage Costs of Climate Change, Part II. Dynamic Estimates (2002, background): “Watson et al. (1996) review the literature on climate change impacts in general, and Pearce et al. (1996) and Tol et al. (2000) assess the literature on impacts from an economic viewpoint.”