The Social Cost of Carbon The Social Costs of Carbon (SCC) Review – Methodological Approaches for Using SCC Estimates in Policy Assessment Final Report December 2005 Department for Environment, Food and Rural Affairs Nobel House 17 Smith Square London SW1P 3JR Telephone 020 7238 6000 Website: www.defra.gov.uk © Queen’s Printer and Controller of HMSO 2006 This document/publication is value added. If you wish to re-use, please apply for a Click-Use Licence for value added material at http://www.opsi.gov.uk/click-use/system/online/pLogin.asp. Alternatively applications can be sent to: Office of Public Sector Information Information Policy Team St Clements House 2-16 Colegate Norwich NR3 1BQ Fax: 01603 723000 e-mail:
[email protected] Information about this publication and further copies are available from: Environment Policy Economics Defra Ashdown House 123 Victoria Street London SW1E 6DE Tel: 020 7082 8593 This document is also available on the Defra website. Published by the Department for Environment, Food and Rural Affairs Research on behalf of Defra With support from: DfID (Department for International Development) DfT (Department for Transport) DTI (Department of Trade and Industry) OfGEM (The Office of Gas and Electricity Markets) The Scottish Executive Welsh Assembly Government by AEA Technology Environment, Stockholm Environment Institute (Oxford Office), Metroeconomica, University of Hamburg, Judge Institute of Management - University of Cambridge and the University of Oxford Authors: Paul Watkiss with contributions from David Anthoff, Tom Downing, Cameron Hepburn, Chris Hope, Alistair Hunt, and Richard Tol. Contact Details: Paul Watkiss AEA Technology Environment UK Telephone +44 (0)870-190-6592
[email protected] Social Costs Carbon Review - Using Estimates in Policy Assessment – Final Report Executive Summary The effects of global climate change from greenhouse gas emissions (GHGs) are diverse and potentially very large.