A Discounting Rule for the Social Cost of Carbon

This paper proposes and demonstrates an approach to discounting to use in estimating the social cost of carbon when consumption growth is uncertain, as recommended by the National Academies of Sciences.

Working Paper (21-16) by Richard Newell, William Pizer, and Brian Prest — 1 minute read — June 18, 2021 (Updated July 19, 2021)