Marginal Damage Costs of Carbon Dioxide Emissions: an Assessment of the Uncertainties, The. Tol, R. S. Energy Policy, 33(16):2064–2074, November, 2005. ![Marginal Damage Costs of Carbon Dioxide Emissions: an Assessment of the Uncertainties, The [link]](https://bibbase.org/img/filetypes/link.svg "link")
Paper doi abstract bibtex One hundred and three estimates of the marginal damage costs of carbon dioxide emissions were gathered from 28 published studies and combined to form a probability density function. The uncertainty is strongly right-skewed. If all studies are combined, the mode is $2/tC, the median $14/tC, the mean $93/tC, and the 95 percentile $350/tC. Studies with a lower discount rate have higher estimates and much greater uncertainties. Similarly, studies that use equity weighing, have higher estimates and larger uncertainties. Interestingly, studies that are peer-reviewed have lower estimates and smaller uncertainties. Using standard assumptions about discounting and aggregation, the marginal damage costs of carbon dioxide emissions are unlikely to exceed $50/tC, and probably much smaller.
@article{tol_marginal_2005,
title = {Marginal {Damage} {Costs} of {Carbon} {Dioxide} {Emissions}: an {Assessment} of the {Uncertainties}, {The}},
volume = {33},
issn = {03014215},
shorttitle = {The marginal damage costs of carbon dioxide emissions},
url = {http://linkinghub.elsevier.com/retrieve/pii/S0301421504001028},
doi = {10.1016/j.enpol.2004.04.002},
abstract = {One hundred and three estimates of the marginal damage costs of carbon dioxide emissions were gathered from 28 published studies and combined to form a probability density function. The uncertainty is strongly right-skewed. If all studies are combined, the mode is \$2/tC, the median \$14/tC, the mean \$93/tC, and the 95 percentile \$350/tC. Studies with a lower discount rate have higher estimates and much greater uncertainties. Similarly, studies that use equity weighing, have higher estimates and larger uncertainties. Interestingly, studies that are peer-reviewed have lower estimates and smaller uncertainties. Using standard assumptions about discounting and aggregation, the marginal damage costs of carbon dioxide emissions are unlikely to exceed \$50/tC, and probably much smaller.},
language = {en},
number = {16},
urldate = {2017-05-15},
journal = {Energy Policy},
author = {Tol, Richard S.J.},
month = nov,
year = {2005},
keywords = {CK, Untagged},
pages = {2064--2074},
}
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