Kousky, Carolyn; Kopp, Robert E.; Cooke, Roger M. - 2011
dioxide abatement, often do not capture this risk reduction benefit. Risk-averse individuals are willing to pay a risk premium … estimates 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, and potentially substantial, risk premium on the social cost of carbon is …