From Local Climate Stress in China to Global Gas-Market Risk: Evidence for a Missing Channel in the Social Cost of Carbon
Published in In progress — target journal: Energy Economics (JCR Q1), 2026
Standard social-cost-of-carbon estimates treat climate damages as largely local. This paper shows that localized climate stress in China propagates into global natural gas markets, and argues that this represents a channel missing from conventional damage accounting.
Status: work in progress; target journal Energy Economics.
Recommended citation: Chen, A.W. & Yuan, G.* (2026). "From Local Climate Stress in China to Global Gas-Market Risk: Evidence for a Missing Channel in the Social Cost of Carbon." Work in progress; target journal: Energy Economics.
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