Estimates of the social cost of carbon vary widely as a function of different ethical parameters. Faced with values ranging from US$10 to US$1,000 per tCO2 and above, some perplexed policymakers have adopted 'target-consistent' carbon pricing instead.
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Hepburn, C. Make carbon pricing a priority. Nature Clim Change 7, 389–390 (2017). https://doi.org/10.1038/nclimate3302
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DOI: https://doi.org/10.1038/nclimate3302