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econ.EM2025
Conceptual winsorizing: An application to the social cost of carbon
Richard S. J. Tol
There are many published estimates of the social cost of carbon. Some are clear outliers, the result of poorly constrained models. Percentile winsorizing is an option, but I here p…
econ.EM2025
Meta-emulation: An application to the social cost of carbon
Richard S. J. Tol
A large database of published model results is used to estimate the distribution of the social cost of carbon as a function of the underlying assumptions. The literature on the soc…
econ.EM2024★ 1 cited
Trends and biases in the social cost of carbon
Richard S. J. Tol
An updated and extended meta-analysis confirms that the central estimate of the social cost of carbon is around $200/tC with a large, right-skewed uncertainty and trending up. The…