Climate change vs. global development interventions
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ABCDE
1
Social cost of carbon
Optimistic
Realistic
Pessimistic
Source:
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Global social cost of carbon (66% CI) per tonne$177$417$805Country-level social cost of carbon paper
3
Adjustment for over- or underestimating the true social cost of carbon1010.1"Valuing climate damages at the country level"
4
Over- or underestimate adjusted social cost of carbon (per tonne)$17.7$417$8,050Formula: row 2 / row 3
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Income adjustment
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Income adjustment (a dollar is 120-13,610 more to GiveDirectly recipients than someone on Median US income i.e. η from 1 to 2)13,6101,260120Ord "The value of money going to different groups"
8
Social cost of carbon per tonne (relative to cash transfers)$0.001$0.33$67Formula: row 4 / row 7
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Cost per tonne of CO2 averted$232$10$0.02See cell comments
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Benefit cost ratio: Cost of carbon / Carbon averted i.e. Climate change is X times more effective than cash0.000010.033,354Formula row 8 / row 10
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Global development interventions effectiveness
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GiveDirectly vs. global health interventions17.57.950.83Givewell CBA
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Climate change is X times more effective than global development interventions0.00000030.0044,041Formula: row 11 / row 14
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