Estimates of the social cost of carbon: A review based on meta-analysis

doi:10.1016/j.jclepro.2018.11.058

	Estimates of the social cost of carbon: A review based on meta-analysis
	Wang, Pei 1,2,3; Deng, Xiangzheng 1,2,3,4; Zhou, Huimin 5; Yu, Shangkun 5
刊名	JOURNAL OF CLEANER PRODUCTION
	2019-02-01
卷号	209 页码:1494-1507
关键词	SCC Economics of climate change Integrated assessment model Literature review meta-Analysis
ISSN号	0959-6526
DOI	10.1016/j.jclepro.2018.11.058
通讯作者	Deng, Xiangzheng(dengxz@igsnrr.ac.cn)
英文摘要	There is a great deal of evidence that climate change affects socioeconomic systems. The social cost of carbon (SCC) is calculated by scientists to monetarize the incremental unit of carbon emission and is used to assess climate policies. This study begins with a review of current research on the SCC, followed by a discussion of the choice of models for the SCC. We give a list of advantages of disadvantages of each model and finally use a meta-analysis to evaluate the SCC from published research. The main findings were as follows. (i) Integrated assessment models (IAMB) are often employed to assess the SCC, research on IAMB was started booming in the 1990s and slightly decreased after 2012. (ii) The estimated SCC ranges from -50 to 8752$/tC (-13.36-2386.91$/tCO(2)), with a mean value of 200.57$/tC (54.70$/tCO(2)) and it equals to 112.86$/tC (30.78$/tCO(2)) with a PRTP at 3% in peer-reviewed studies. (iii) The estimated SCC is higher in newer publication year and in peer-reviewed studies, the same trend happens with a higher climatic sensitivity and employing DICE/RICE and PAGE. (iv) The pure rate of time preference (PRTP) is tightly associated with the estimated SCC, and a higher PRTP has a lower estimated SCC. (v) The outliers often appear without realistic scenario setting and in studies have not peer-reviewed. (C) 2018 Elsevier Ltd. All rights reserved.
资助项目	National Key Research and Development Program of China[2016YFA0602500]
WOS关键词	INTEGRATED ASSESSMENT MODELS ; CLIMATE-CHANGE ; TECHNOLOGICAL-CHANGE ; POLICY ; ENERGY ; SENSITIVITY ; BENEFITS ; IMPACTS
WOS研究方向	Science & Technology - Other Topics ; Engineering ; Environmental Sciences & Ecology
语种	英语
出版者	ELSEVIER SCI LTD
WOS记录号	WOS:000457351900123
资助机构	National Key Research and Development Program of China
内容类型	期刊论文
源URL	[http://ir.igsnrr.ac.cn/handle/311030/49823]
专题	中国科学院地理科学与资源研究所
通讯作者	Deng, Xiangzheng
作者单位	1.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Beijing 100101, Peoples R China 2.Univ Chinese Acad Sci, Beijing 100049, Peoples R China 3.Chinese Acad Sci, Ctr Chinese Agr Policy, Beijing 100101, Peoples R China 4.Univ Waikato, Dept Econ, Private Bag 3105, Hamilton, Waikato, New Zealand 5.Shandong Normal Univ, Coll Geog & Environm, Jinan 250358, Shandong, Peoples R China
推荐引用方式 GB/T 7714	Wang, Pei,Deng, Xiangzheng,Zhou, Huimin,et al. Estimates of the social cost of carbon: A review based on meta-analysis[J]. JOURNAL OF CLEANER PRODUCTION,2019,209:1494-1507.
APA	Wang, Pei,Deng, Xiangzheng,Zhou, Huimin,&Yu, Shangkun.(2019).Estimates of the social cost of carbon: A review based on meta-analysis.JOURNAL OF CLEANER PRODUCTION,209,1494-1507.
MLA	Wang, Pei,et al."Estimates of the social cost of carbon: A review based on meta-analysis".JOURNAL OF CLEANER PRODUCTION 209(2019):1494-1507.