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Environmental economics

Optimal carbon tax doubled

Cost–benefit analysis and risk assessment approaches inform global climate change mitigation policy-making processes. Now, a development in the former shows that optimal carbon tax levels have previously been underestimated by a factor of two.

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Figure 1: A global perspective on climate-related risks.

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Correspondence to Rachel Warren.

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Warren, R. Optimal carbon tax doubled. Nature Clim Change 4, 534–535 (2014). https://doi.org/10.1038/nclimate2288

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