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Does the Social Cost of Carbon Matter? Evidence from US Policy

Abstract:

We evaluate a recent US initiative to include the social cost of carbon (SCC) in regulatory decisions. To our knowledge, this paper provides the first systematic analysis of the extent to which applying the SCC has affected national policy. We examine all economically significant federal regulations since 2008 and obtain an unexpected result: putting a value on changes in carbon dioxide emissions does not generally affect the ranking of the preferred policy compared with the status quo. Overa...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1086/680990
Publication website:
http://www.jstor.org/stable/10.1086/680990

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Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Smith School
Role:
Author
Publisher:
University of Chicago Press Publisher's website
Journal:
Journal of Legal Studies
Volume:
44
Issue:
1
Pages:
229-248
Publication date:
2015-01-31
Acceptance date:
2015-01-30
DOI:
EISSN:
1537-5366
ISSN:
0047-2530
Language:
English
UUID:
uuid:116b15d9-adea-4c9a-a755-b1d899254143
Deposit date:
2015-09-08

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