Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and Interpretation

  title={Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and Interpretation},
  author={M. Greenstone and Elizabeth Kopits and Maryann Wolverton},
  journal={Environmental Economics eJournal},
  • M. Greenstone, Elizabeth Kopits, Maryann Wolverton
  • Published 2011
  • Engineering
  • Environmental Economics eJournal
  • The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used in benefit-cost analyses to assess potential federal regulations. For 2010, the central value of the SCC is $21 per ton of CO2 emissions and sensitivity analyses are to be conducted at $5, $35, and $65… CONTINUE READING
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