Thank you for this comment. Relevant quote from my updated analysis above:
“The new paper’s social cost of carbon figure is controversial and has been criticized for being too high for various methodological reasons.[6] For instance, one very critical new paper also now estimates the social cost of carbon on a country-level, suggesting that the global social cost of carbon is only $24 (and, using various sensitivity analyses, values ranging from $3.38/tCO2e to $21,889/tCO2e).[7]
To account for the new paper overestimating or underestimating the social cost of carbon, below, we use sensitivity analysis to show how our model responds to over- or underestimating the true social cost of carbon by 10x.”
Thank you for this comment. Relevant quote from my updated analysis above:
“The new paper’s social cost of carbon figure is controversial and has been criticized for being too high for various methodological reasons.[6] For instance, one very critical new paper also now estimates the social cost of carbon on a country-level, suggesting that the global social cost of carbon is only $24 (and, using various sensitivity analyses, values ranging from $3.38/tCO2e to $21,889/tCO2e).[7]
To account for the new paper overestimating or underestimating the social cost of carbon, below, we use sensitivity analysis to show how our model responds to over- or underestimating the true social cost of carbon by 10x.”