Kousky, Carolyn; Kopp, Robert E.; Cooke, Roger - Institut für Weltwirtschaft (IfW) - 2011
catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon dioxide … obtained for calculating a risk premium to be included in the social cost of carbon. While more research is needed in this area …, work to date suggests a positive risk premium on the social cost of carbon is warranted. …