PittsburghV1, Main, Exploration, bibRecord, 000036

Priority for the worse-off and the social cost of carbon

Identifieur interne : 000036 ( Main/Exploration ); précédent : 000035; suivant : 000037

Priority for the worse-off and the social cost of carbon

Auteurs : Matthew Adler [États-Unis] ; David Anthoff [États-Unis] ; Valentina Bosetti [Italie] ; Greg Garner [États-Unis] ; Klaus Keller [États-Unis] ; Nicolas Treich [France]

Source :

Nature Climate Change [ 1758-678X ] ; 2017.

RBID : Hal:hal-01582293

English descriptors

mix :
- climate-change, co2 emissions, defense, economics, methodology, risk-aversion, stern, us, view.

Abstract

The social cost of carbon (SCC) is a key tool in climate policy. The SCC expresses in monetary terms the social impact of the emission of a ton of CO2 in a given year. The SCC is calculated using a 'social welfare function' (SWF): a method for assessing social welfare. The dominant SWF in climate policy is the discounted-utilitarian SWF. Individuals' well-being numbers (utilities) are summed, and the values for later generations are reduced ('discounted'). This SWF has been criticized for ignoring the distribution of well-being and including an arbitrary time preference. Here, we use a 'prioritarian' SWF, with no time discount, to calculate the SCC. This SWF gives extra weight ('priority') to worse-off individuals. Prioritarianism is a well-developed concept in ethics and welfare economics, but has been rarely used in climate scholarship. We find substantial differences between the discounted-utilitarian and non-discounted prioritarian SCCs.

Url:

https://hal.archives-ouvertes.fr/hal-01582293

DOI: 10.1038/nclimate3298

Affiliations:

France, Italie, États-Unis

Links toward previous steps (curation, corpus...)

to stream Hal, to step Corpus: 000477
to stream Hal, to step Curation: 000477
to stream Hal, to step Checkpoint: 000037
to stream Main, to step Merge: 000034
to stream Main, to step Curation: 000036

Le document en format XML

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<front><div type="abstract" xml:lang="en">The social cost of carbon (SCC) is a key tool in climate policy. The SCC expresses in monetary terms the social impact of the emission of a ton of CO2 in a given year. The SCC is calculated using a 'social welfare function' (SWF): a method for assessing social welfare. The dominant SWF in climate policy is the discounted-utilitarian SWF. Individuals' well-being numbers (utilities) are summed, and the values for later generations are reduced ('discounted'). This SWF has been criticized for ignoring the distribution of well-being and including an arbitrary time preference. Here, we use a 'prioritarian' SWF, with no time discount, to calculate the SCC. This SWF gives extra weight ('priority') to worse-off individuals. Prioritarianism is a well-developed concept in ethics and welfare economics, but has been rarely used in climate scholarship. We find substantial differences between the discounted-utilitarian and non-discounted prioritarian SCCs.</div>
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Priority for the worse-off and the social cost of carbon

Priority for the worse-off and the social cost of carbon

Source :

English descriptors

Abstract

Links toward previous steps (curation, corpus...)

Le document en format XML

Pour manipuler ce document sous Unix (Dilib)

Pour mettre un lien sur cette page dans le réseau Wicri