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Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits
Tamma Carleton, Amir Jina, Michael Delgado, Michael Greenstone, Trevor Houser, Solomon Hsiang, Andrew Hultgren, Robert E Kopp, Kelly E McCusker, Ishan Nath, James Rising, Ashwin Rode, Hee Kwon Seo, Arvid Viaene, Jiacan Yuan, Alice Tianbo Zhang, Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits, The Quarterly Journal of Economics, Volume 137, Issue 4, November 2022, Pages 2037–2105, https://doi.org/10.1093/qje/qjac020
This paper estimates that the release of an additional ton of carbon dioxide today will cause mean damages to global mortality risk valued at $36.6 under a high emissions scenario and $17.1 under a moderate scenario, using a 2% discount rate that is justified by US Treasury rates over the last two decades. It is a core input to the Climate Impact Lab's Data-driven Spatial Climate Impact Model (DSCIM).
Published November 1, 2022Read