English
 
Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
 
 
DownloadE-Mail
  The social cost of carbon and inequality: When local redistribution shapes global carbon prices

Kornek, U., Klenert, D., Edenhofer, O., Fleurbaey, M. (2021): The social cost of carbon and inequality: When local redistribution shapes global carbon prices. - Journal of Environmental Economics and Management, 107, 102450.
https://doi.org/10.1016/j.jeem.2021.102450

Item is

Files

show Files
hide Files
:
1-s2.0-S0095069621000334-main.pdf (Publisher version), 2MB
Name:
1-s2.0-S0095069621000334-main.pdf
Description:
-
Visibility:
Public
MIME-Type / Checksum:
application/pdf / [MD5]
Technical Metadata:
Copyright Date:
-
Copyright Info:
-

Locators

show

Creators

show
hide
 Creators:
Kornek, Ulrike1, Author
Klenert, David1, Author
Edenhofer, Ottmar2, Author              
Fleurbaey, Marc1, Author
Affiliations:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

Content

show
hide
Free keywords: Optimal taxation, Inequality, Climate change, Social cost of carbon, Carbon tax
 Abstract: The social cost of carbon is a central metric for optimal carbon prices. Previous literatureshows that inequality significantly influences the social cost of carbon, but mostly omits het-erogeneity below the national level. We present an optimal taxation model of the social cost ofcarbon that accounts for inequality betweenand within countries. We find that climate anddistributional policy can generally not be separated. If only one country does not compen-sate low-income households for disproportionate damages, the social cost of carbon tendsto increase globally. Optimal carbon prices remain roughly unchanged if national redistribu-tion leaves inequality between households unaffected by climate change and if the utility ofhouseholds is approximately logarithmic in consumption.

Details

show
hide
Language(s): eng - English
 Dates: 2019-12-202021-03-292021-04-052021-04-20
 Publication Status: Finally published
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: PIKDOMAIN: Director / Executive Staff / Science & Society
Organisational keyword: Director Edenhofer
DOI: 10.1016/j.jeem.2021.102450
Research topic keyword: Economics
Research topic keyword: Climate Policy
Research topic keyword: Carbon Pricing
MDB-ID: No data to archive
OATYPE: Hybrid Open Access
 Degree: -

Event

show

Legal Case

show

Project information

show

Source 1

show
hide
Title: Journal of Environmental Economics and Management
Source Genre: Journal, SCI, Scopus
 Creator(s):
Affiliations:
Publ. Info: -
Pages: - Volume / Issue: 107 Sequence Number: 102450 Start / End Page: - Identifier: Publisher: Elsevier
Other: 1096-0449
ISSN: 0095-0696
CoNE: https://publications.pik-potsdam.de/cone/journals/resource/journal-of-environmental-economics-and-management