Tag Archives: Damages
This study, accepted by the journal Climate Change Economics, examines the U.S. government’s modeling approach for the social cost of carbon (a monetary estimate of global climate change damages to society from an additional unit of carbon dioxide emissions).
The social cost of carbon (SCC) is a modeled estimate of the monetary value of the potential impacts of climate change that might be avoided with policies designed to reduce CO2 emissions. Such estimates have been used for more than 50 federal and state rulemakings. This study reviews current SCC applications and identifies opportunities to […]