Back to OurEnergyLibrary search




Updating the United States Government’s Social Cost of Carbon

Updating the United States Government’s Social Cost of Carbon

Full Title: Updating the United States Government's Social Cost of Carbon
Author(s): Tamma Carleton, Michael Greenstone
Publisher(s): University of Chicago, Becker Friedman Institute for Economics, National Bureau of Economic Research (NBER)
Publication Date: November 12, 2021
Full Text: Download Resource
Description (excerpt):

Since its release in 2010, the United States government’s Social Cost of Carbon (SCC) has played a central role in climate policy both domestically and internationally. However, rapid progress in climate science and economics over the last decade mean that it is no longer based on the frontier of understanding. Specifically, extensive new research about the climate, economy, and their relationship has altered understanding about the magnitudes of the projected physical and economic impacts of climate change, as well as their heterogeneity across space and time. This paper provides concrete recommendations on how to rebuild the SCC based on these new advances and return it to the scientific frontier.

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.

Sign up for our Press Release Distribution List

    Your Name (required)

    Your Email (required)

    Please sign me up to receive press releases from OurEnergyPolicy.org.