As Bad as it Gets: How Climate Damage Functions Affect Growth and the Social Cost of Carbon

HIGHLIGHTS

  • who: Lucas Bretschger from the (UNIVERSITY) have published the paper: As Bad as it Gets: How Climate Damage Functions Affect Growth and the Social Cost of Carbon, in the Journal: (JOURNAL)
  • what: The paper analyzes the effects of varying impacts on the social cost of carbon and economic growth. This paper shows how important the specifications of the damage functions are in climate economics. The authors focus on analysing the social planner solution, so this result does not arise. The economic impact of climate change crucially depends on the degree of the convexity of the . . .

     

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