Seven Recommendations for Pricing Greenhouse Gas Emissions
Bibliographic Data
| ID | 13037099 |
|---|---|
| Authors | Arthur G Fraas (0000-0002-9870-3219), John D Graham (0009-0007-4207-5800, Indiana University Bloomington), Kerry Krutilla (Indiana University Bloomington, corresponding author), Randall Lutter (0000-0002-7478-2266, Manhattan Institute for Policy Research), Jason F Shogren (0000-0003-3757-959X, University of Wyoming), Linda Thunström (0000-0002-5728-4089, University of Wyoming), W Kip Viscusi (0000-0002-7931-7689, Vanderbilt University) |
| Year | 2023 |
| Volume | 14 |
| Issue | 2 |
| Pages | 191-204 |
| Publication date | 2023-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Benefit-Cost Analysis (JOURNAL) |
| Journal identifiers | ISSN: 2152-2812 • E-ISSN: 2194-5888 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/bca.2023.31 |
| OpenAlex | W4387671133 |
| Language | EN |
| Citations received | 1 |
| References cited | 35 |
The social cost of greenhouse gases is important in many regulatory impact analyses. However, calculations of the social cost of greenhouse gases are highly complex and periodically revisited. We offer seven recommendations to improve current estimates. These include recommendations to use both country-level and global measures of the social cost of greenhouse gases, to use country-specific values for monetizing climate damages, to represent uncertainties by reporting distributions instead of using only central values, and to conduct a temporal distributional analysis that shows the magnitudes of climate damages across generations. We also provide recommendations for the discount rates that should be used when estimating the social cost of greenhouse gases, and the appropriate discount rates for regulatory impact analyses that include the social cost of greenhouse gases
Climate change · Damages · Discounting · Economics · Environmental economics · Environmental resource management · Global warming · Greenhouse · Greenhouse gas · Microeconomics · Natural resource economics · Political science · Social cost · Climate Change Policy and Economics · Economic and Environmental Valuation · Energy, Environment, and Transportation Policies · Environmental Science · Ecology
Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables
Gasoline Prices, Fuel Economy, and the Energy Paradox
The systems dynamics of endogenous population growth in a renewable resource-based growth model
Monetary Policy When the Central Bank Shapes Financial-Market Sentiment
The Income Elasticity of Global Values of a Statistical Life
Uncertainty in the Cost-Effectiveness of Federal Air Quality Regulations
The Energy Efficiency Gap in EPA’s Benefit-Cost Analysis of Vehicle Greenhouse Gas Regulations
Consumer’s Guide to Regulatory Impact Analysis
How is the U.S. Pricing Carbon? How Could We Price Carbon
Income Elasticities and Global Values of a Statistical Life
Responsible Precautions for Uncertain Environmental Risks
Discounting the Benefits and Costs of Environmental Regulations
A Mathematical Theory of Saving
What is Middle Class about the Middle Classes around the World
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |