For this reason and others, such as the choice
of social discount rate, the estimates of the SCC range from near zero to hundreds of dollars per ton of carbon.
Not exact matches
The public equity market is factually and demonstrably a small fraction
of the financial assets available and traded in the economy, and it still is not clear to me why that particular slice
of the asset world should be used as a price guide for the
social discount rate.
The present values are calculated by
discounting the
Social Security payouts by an inflation - adjusted
rate of return.
We assumed that breastfeeding does not influence the costs
of childbearing and
discounted future costs by 3 % per year, the
social discount rate, to the year when our hypothetical women were aged 25 years, the mean age
of U.S. women at first birth.14 We performed sensitivity analyses with
discount rates of 0 % and 5 %.
It featured articles on whether the returns on industries as a whole mean - revert or have momentum, whether there is a valuation effect on industry returns, «
social responsibility» in investing, and the existence
of equity
discount rate for the market as a whole.
The present values are calculated by
discounting the
Social Security payouts by an inflation - adjusted
rate of return.
Our
Rates also include a buffet breakfast, use
of Inn bicycles, admission to the St. Augustine Light House and Museum and 50 %
discounted admission to the Oldest House, evening
social hour, and other perks, activities and benefits.
Second, the damage cost
of a ton
of CO2 (at 3 %
discount rate) ranges from negative to $ 22 at the 99 percentile [from Richard Tol's paper «The
Social Cost
of Carbon: Trends, Outliers and Catastrophes»], with a median
of about $ 4.
We used HEM to analyze the economic effects
of instituting a $ 37 carbon tax based on the EPA's estimation
of the
social cost
of carbon, assuming a
discount rate of 3 percent.
► Economic potential is in most studies used as the amount
of heat - trapping gas (greenhouse gas) mitigation that is cost - effective for a given carbon price, based on
social cost pricing and
discount rates, including energy savings, but without most externalities.
His research focuses on the estimation
of the «
social cost
of carbon,» including the proper
discount rate to be used in cost - benefit analyses and the implications
of structural uncertainty for policy solutions.
There was an insightful column in the New York Times earlier this week by Eduardo Porter that is one
of the clearest explanations we have read on the effects and rationale
of the choice
of the
discount rate when determining the
social cost
of carbon.
It should be «The
social cost
of carbon rises sharply for lower
discount rates.»
I found myself becoming very curious whether economists who support Sir Nicholas's
social discount rate of zero, such as econ bloggers John Quiggin and Brad DeLong, identify themselves as pro-choice or pro-life, and whether they had considered the Stern Report from this angle.
My general view is that, while Stern's choice
of discount rate is at the low end, the Review badly underestimates the
social cost
of the damage to natural ecosystems that will inevitably arise from global warming.
The latest figures from the US Interagency Working Group on
Social Cost
of Carbon calculate a range
of monetary damages expected to be caused by a metric ton
of CO2 emitted in 2015; $ 12 (using a 5.0 %
discount rate), $ 38 (using a 3.0 %
discount rate), $ 58 (using a 2.5 %
discount rate), and $ 109, (using a 3.0 %
discount rate, 95th percentile).
This lower
discount rate translates into a considerable increase in the
social cost
of carbon emissions, and hence even greater impetus to mitigate climate change.
These 48 projected global economic trajectories to the end
of the century, each
of which represented the expectation under one set
of experimental conditions, were then converted into candidate
social discount rates.
An alternative approach, called the prescriptive approach, prefers to estimate the
social discount rate directly from its primitives rather than using market
rates of interest.
* At a $ 400B in annual revenue and 10B tons
of total waste per year, the average cost
of waste cleanup is around $ 40 / ton
of waste — incidentally the same figure as the
social cost of carbon dioxide as estimated by the US Federal Government (Social Cost of Carbon = $ 40 / ton CO2 in 2015 at average (3 %) discount
social cost
of carbon dioxide as estimated by the US Federal Government (
Social Cost of Carbon = $ 40 / ton CO2 in 2015 at average (3 %) discount
Social Cost
of Carbon = $ 40 / ton CO2 in 2015 at average (3 %)
discount rate).
Heritage assumes that these programs, all told, will impose the equivalent
of a $ 36 per ton carbon tax on the economy because that's the administration's estimate
of the
social cost
of carbon in 2015 using a 3 percent
discount rate for future damages.
I'd suggest reading the appendix to part one
of the Stern Review for a good discussion
of the various ethical paradigms and assumptions that go into determining the
social discount rate for analyzing policy decisions.
Two Kings Tickets (New York, NY) 07/2006 — 12/2007 Director
of Business Development / Partner • Authored business plan, launched, and grew corporate sales from $ 0 to $ 500,000 in first year • Created marketing plans and sales goals focused on acquisition
of corporate concierge services and
social clubs • Negotiated deal to acquire over $ 400,000
of inventory at a
discounted rate, saving the company over $ 100,000 • Mentored partners on best practices
of establishing business goals focusing on efficiency and revenue growth • Worked with VIP Desk to increase revenue from secondary ticket sales through increased focus on customer service • Designed and implemented a targeted direct marketing program to enhance and better focus sales initiatives • Managed sale
of company and assets to investors
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