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Policies, Projections, and the Social Cost of Carbon: Results from the DICE-2023 Model / Lint Barrage, William D. Nordhaus.
- Format:
- Book
- Author/Creator:
- Barrage, Lint.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31112.
- NBER working paper series no. w31112
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- The present study examines the assumptions, modeling structure, and preliminary results of DICE-2023, the revised Dynamic Integrated Model of Climate and the Economy (DICE), updated to 2023. The revision contains major changes in the carbon and climate modules, the treatment of non-industrial greenhouse gases, discount rates, as well as updates on all the major components. The major changes are a significantly lower level of temperature of the cost-benefit optimal policy, a lower cost of reaching the 2° C target, an analysis of the impact of the Paris Accord, and a major increase in the estimated social cost of carbon.
- Notes:
- Print version record
- April 2023.
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