Arbeitspapier
The uncertainty about the total economic impact of climate change
This paper uses a vote-counting procedure to estimate the probability density function of the total economic impact as a parabolic function of global warming. There is a wide range of uncertainty about the impact of climate change up to 3 °C, and the information becomes progressively more diffuse beyond that. Warming greater than 3 °C most likely has net negative impacts, and warming greater than 7 °C may lead to a total welfare loss. The expected value of the social cost of carbon is about $29/tC in 2015 and rises at roughly 2% per year.
- Language
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Englisch
- Bibliographic citation
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Series: ESRI Working Paper ; No. 382
- Classification
-
Wirtschaft
- Subject
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climate change
economic impact
meta-analysis
social cost of carbon
- Event
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Geistige Schöpfung
- (who)
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Tol, Richard S. J.
- Event
-
Veröffentlichung
- (who)
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The Economic and Social Research Institute (ESRI)
- (where)
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Dublin
- (when)
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2011
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Tol, Richard S. J.
- The Economic and Social Research Institute (ESRI)
Time of origin
- 2011
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