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SOCIAL COST OF CARBON: Identifying a Federal Entity to Address the National Academies’ Recommendations Could Strengthen Regulatory Analysis

SOCIAL COST OF CARBON: Identifying a Federal Entity to Address the National Academies’ Recommendations Could Strengthen Regulatory Analysis

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
Full Text: Download Resource
Description (excerpt):

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.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of OurEnergyPolicy.org, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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