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Exploring the Application of the Social Cost of Carbon in Loss-and-Damage and Impact Assessment

Exploring the Application of the Social Cost of Carbon in Loss-and-Damage and Impact Assessment AbstractIn this tribute to our friend and colleague, Dr Meinhard Doelle, we bring together three strands of work that we each undertook in collaboration with Meinhard: social cost of carbon, climate change loss and damage, and climate impact assessment. We first introduce social cost of carbon estimates as a form of carbon valuation used in decision-making processes in Canada and the United States. We then introduce legal approaches to climate change loss and damage and related challenges of economic and non-economic valuation. After contemplating the potential for social cost of carbon to contribute to valuation of loss and damage, and vice versa, we examine the integration of climate change in impact assessment law. Ultimately, we tentatively consider whether application of the social cost of carbon for the valuation of loss and damage in impact assessment processes might help to centre justice concerns. In conclusion, we pose questions for future research. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Climate Law Brill

Exploring the Application of the Social Cost of Carbon in Loss-and-Damage and Impact Assessment

Climate Law , Volume 13 (2): 35 – Jul 6, 2023

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1878-6553
eISSN
1878-6561
DOI
10.1163/18786561-bja10039
Publisher site
See Article on Publisher Site

Abstract

AbstractIn this tribute to our friend and colleague, Dr Meinhard Doelle, we bring together three strands of work that we each undertook in collaboration with Meinhard: social cost of carbon, climate change loss and damage, and climate impact assessment. We first introduce social cost of carbon estimates as a form of carbon valuation used in decision-making processes in Canada and the United States. We then introduce legal approaches to climate change loss and damage and related challenges of economic and non-economic valuation. After contemplating the potential for social cost of carbon to contribute to valuation of loss and damage, and vice versa, we examine the integration of climate change in impact assessment law. Ultimately, we tentatively consider whether application of the social cost of carbon for the valuation of loss and damage in impact assessment processes might help to centre justice concerns. In conclusion, we pose questions for future research.

Journal

Climate LawBrill

Published: Jul 6, 2023

There are no references for this article.