In environmental economics, the marginal external cost of emitting a pollutant determines
the optimal abatement policy, which might take the form of an emissions tax. But the …

While carbon pricing, in general, and carbon taxes, in particular, are popular with
economists, they are subject to considerable misunderstanding among policy-makers and …

In its first attempts to regulate carbon emissions, the US government is undermining its own
efforts by relying on deeply flawed economic models that lead to gross miscalculations of the …

CLIMATE policy is one of the controversial issues of our times. Some argue that climate
change is not real, not humanmade, or not a problem. Others argue that the end of world is …

Determining the social cost of carbon emissions (SCC) is a crucial step in the economic
analysis of climate change policy as the US government's recent decision to use a range of …

The social cost of carbon–ie, the marginal present-value cost imposed by greenhouse gas
emissions–is determined by a complex interaction between factual assumptions, modeling …

An estimate of the social cost of carbon (SCC) is crucial to climate policy. But how should we
estimate the SCC? A common approach uses an integrated assessment model (IAM) to …

Most people are convinced that climate change is a threat and that it should somehow be
dealt with. It is also clear that CO 2 emissions are still too cheap and must be priced higher …

The social cost of carbon (SCC) is the value of the climate change impacts from 1 tonne of
carbon emitted today as CO2, aggregated over time and discounted back to the present day …

This article asks three questions. First, how do carbon taxes drive economic and
environmental outcomes? Second, what is the appropriate economic base on which carbon …