The Welfare Economics of a Data Driven Social Cost of Carbon

Ishan Nath1, Kelly E McCusker2, Ian Wesley Bolliger3, Tamma Carleton4, Michael Delgado5, Michael Greenstone6, Trevor Houser5, Solomon M Hsiang7, Andrew Hultgren8,9, Amir Jina10, Robert E Kopp11, James A Rising12 and Ashwin Rode13, (1)Federal Reserve Bank of San Francisco, San Francisco, United States, (2)Rhodium Group, Seattle, WA, United States, (3)University of California Berkeley, Energy and Resources Group, Berkeley, CA, United States, (4)University of California Santa Barbara, Bren School of Environmental Science & Management, Santa Barbara, United States, (5)Rhodium Group, Oakland, CA, United States, (6)University of Chicago, Chicago, IL, United States, (7)University of California, Berkeley, Goldman School of Public Policy, Berkeley, United States, (8)University of Illinois at Urbana Champaign, Agricultural and Resource Economics, Urbana, United States, (9)University of California Berkeley, Agricultural and Resource Economics, Berkeley, United States, (10)University of Chicago, Harris School of Public Policy, Chicago, United States, (11)Rutgers University New Brunswick, Institute of Earth, Ocean, and Atmospheric Sciences, New Brunswick, NJ, United States, (12)University of Delaware, Newark, DE, United States, (13)University of Chicago, Economics, Chicago, IL, United States