Revisiting the social cost of carbon.

Nordhaus, W. D. (2017). Revisiting the social cost of carbon. Proceedings of the National Academy of Sciences, 114(7), 1518-1523.

Type

Journal article

Intellectual base

Primary research

Year

2017

DOI

10.1073/pnas.1609244114

Link

https://doi.org/10.1073/pnas.1609244114

Cited from

behavioral_economics, philosophy

Cited by

2 citations across 2 artifacts.

Primes

• Commensurability
  • The metric makes incommensurable goals—economic growth and climate stability—commensurable, an integration Nordhaus (2017) operationalized in the DICE model's social cost of carbon.
• Value Commensuration
  • Carbon pricing assigns monetary value per ton of CO₂, enabling trade-offs between emissions and economic growth, and Nordhaus (2017) develops the integrated-assessment framework (DICE) that translates climate damages into a social cost of carbon.

Verification

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