Full Title: SOCIAL COST OF CARBON: Identifying a Federal Entity to Address the National Academies' Recommendations Could Strengthen Regulatory Analysis
Author(s): U.S. Government Accountability Office
Publisher(s): U.S. Government Accountability Office
Publication Date: June 23, 2020
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When assessing the costs and benefits of proposed environmental regulations, federal agencies use estimates of the “social cost of carbon”—economic damages from increases in greenhouse gas emissions.
According to EPA, these gases stay in the atmosphere long enough to become “well mixed”—contributing to global damages regardless of their origin. Current national estimates are based on domestic damages and are about 7 times lower than prior estimates based on global damages.