Publication Bias in Estimating the Social Cost of Carbon
|Author:||Bc. Šimon Hofman|
|Year:||2014 - summer|
|Leaders:|| prof. PhDr. Tomáš Havránek Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||In this thesis we used the meta-regression analysis to estimate the
damages caused by a currently emitted ton of carbon. This eect is
also called the social cost of carbon. The uniqueness of this work is
that it is the rst meta-analysis on this matter which takes publication
bias into account. By using proven methods, we identied strong
publication bias in estimating the social cost of carbon. The value
of the social cost of carbon beyond publication bias is according to
our results 0.706 USD/tC. Our estimate is signicantly lower than
estimates which do not take publication bias into account. This means
that, in this instance, publication bias very signicantly contributes
to the overestimation of this eect. This overestimation consequently
biases the perception of the true impact of an emitted ton of carbon.
This results in an ineective global climate policy.