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DOI10.1007/s10584-020-02785-4
The ultimate cost of carbon
Archer D.; Kite E.; Lusk G.
发表日期2020
ISSN0165-0009
起始页码2069
结束页码2086
卷号162期号:4
英文摘要We estimate the potential ultimate cost of fossil-fuel carbon to a long-lived human population over a one million–year time scale. We assume that this hypothetical population is technologically stationary and agriculturally based, and estimate climate impacts as fractional decreases in economic activity, potentially amplified by a human population response to a diminished human carrying capacity. Monetary costs are converted to units of present-day dollars by multiplying the future damage fractions by the present-day global world production, and integrated through time with no loss due from time-preference discounting. Ultimate costs of C range from $10k to $750k per ton for various assumptions about the magnitude and longevity of economic impacts, with a best-estimate value of about $100k per ton of C. Most of the uncertainty arises from the economic parameters of the model and, among the geophysical parameters, from the climate sensitivity. We argue that the ultimate cost of carbon is a first approximation of our potential culpability to future generations for our fossil energy use, expressed in units that are relevant to us. © 2020, The Author(s).
英文关键词Carbon cycle; Climate impact; Cost of carbon; Deep future
语种英语
scopus关键词Carbon; Climate models; Cost estimating; Economics; Fossil fuels; Uncertainty analysis; Climate sensitivity; Economic activities; Economic impacts; Economic parameters; Future generations; Geophysical parameters; Human population; Time preferences; Cost benefit analysis; carrying capacity; climate effect; economic activity; fossil fuel; longevity; numerical model; uncertainty analysis
来源期刊Climatic Change
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/147032
作者单位Department of the Geophysical Sciences, University of Chicago, Chicago, IL, United States; Department of Philosophy, University of Chicago, Chicago, IL, United States; Lyman Briggs College, Michigan State University, East Lansing, MI, United States
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GB/T 7714
Archer D.,Kite E.,Lusk G.. The ultimate cost of carbon[J],2020,162(4).
APA Archer D.,Kite E.,&Lusk G..(2020).The ultimate cost of carbon.Climatic Change,162(4).
MLA Archer D.,et al."The ultimate cost of carbon".Climatic Change 162.4(2020).
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