Neoclassical economists like Stern and Nordhaus both use a measure called the "socia cost of carbon" in their climate change modeling and assessments of sustainable pathways. What is meant by the "social cost of carbon"? the value of statistical life used in climate change analysis O b. the rise in temperature caused by an extra ton of carbon the estimated cost of the damages created by one extra ton of carbon dioxide emissions a. C.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section14.2: Achieving Environmental Efficiency
Problem 2.4GE
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Neoclassical economists like Stern and Nordhaus both use a measure called the "social
cost of carbon" in their climate change modeling and assessments of sustainable
pathways. What is meant by the "social cost of carbon"?
the value of statistical life used in climate change analysis
b. the rise in temperature caused by an extra ton of carbon
C. the estimated cost of the damages created by one extra ton of carbon dioxide
a.
emissions
d. an integrated assessment model like PAGE, DICE or FUND
Transcribed Image Text:Neoclassical economists like Stern and Nordhaus both use a measure called the "social cost of carbon" in their climate change modeling and assessments of sustainable pathways. What is meant by the "social cost of carbon"? the value of statistical life used in climate change analysis b. the rise in temperature caused by an extra ton of carbon C. the estimated cost of the damages created by one extra ton of carbon dioxide a. emissions d. an integrated assessment model like PAGE, DICE or FUND
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