What Is the Social Cost of Carbon?

by | May 7, 2021 | social cost carbon

KEY TAKEAWAYS

  • The social cost of carbon (SCC) estimates the future damages from an additional ton of CO emissions.
  • The number is crucial for environmental policymaking and was just updated by the new US administration.
  • The estimation of the SCC is sensitive to its inputs, and debate continues in the academic community about its appropriate value.

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