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social cost of carbon

Costing Damages from Climate Change Offers Only a Partial Guide to Choice of Policy

October 15, 2014 by Adam Whitmore

Many of the costs of climate change are omitted from models, essentially assuming that they are zero. For example, knock-on effects, such as regional conflict from the migration of refugees, are often not modeled, but may be among the largest costs of climate change.[read more]

The Myth of Price

May 22, 2014 by Zane Selvans
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Energy External Costs

Our society’s prevailing economic zeitgeist assumes that everything has a price, and that both costs and prices can be objectively calculated, or at least agreed upon by parties involved in the transaction. There are some big problems with this proposition.[read more]

Shipping Oil by Rail: A Modern-Day Problem of Social Cost

April 15, 2014 by Meredith Fowlie
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Oil by Rail Risk

While environmental groups and other stakeholders have been working hard to delay, if not completely derail, major pipeline projects like Keystone, oil companies have also been working hard to find alternative ways to get their crude oil to market.[read more]

Reality Check: Society Pays for Carbon Pollution and That's no Benefit

February 5, 2014 by Gernot Wagner

This open letter, co-authored by Jeremy Proville and first published on EDF Voices, was written in response to a New York Times article citing Dr. Roger Bezdek’s report on “The Social Costs of Carbon? No, The Social Benefits of Carbon.”[read more]

Why the Cost of Carbon Pollution is Both too High and too Low

January 27, 2014 by Gernot Wagner
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Tell someone you are a “climate economist,” and the first thing you hear after the slightly puzzled looks subside is, “How much?” Show me the money: “How much is climate change really costing us?” Here it is: at least $40. That, of course, isn’t the total cost, which is in the trillions of dollars.[read more]

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Calculating the Social Cost of Carbon and Value of Rooftop Solar: The Movement Has Begun

January 15, 2014 by Jim Pierobon
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Social Cost of Carbon

How much value should owners of rooftop solar systems receive credit for in reducing their use -- and the environmental impact -- of utility-generated electricity? That is THE question Minnesota is tackling this month, the first state ever to do so.[read more]

OMB Issues Call for Additional Public Comments on the Social Cost of Carbon

December 6, 2013 by NRDC Switchboard
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Last week the US Office of Management and Budget invited additional comment on the government’s “social cost of carbon," an estimate of climate change damages resulting from carbon pollution. This comes after a recent update provoked intense backlash by the fossil fuel lobby against its use.[read more]

The Social Cost of Carbon as a Marker for Price Floors

October 2, 2013 by Adam Whitmore

The US Environmental Protection Agency has recently published new estimates of the social costs of carbon. These are intended for use in assessing the cost effectiveness of policies such as fuel efficiency standards for vehicles. They can also be used as markers for floor prices under an ETS.[read more]

Social Cost of Carbon Emissions Has Risen 60 Percent in Three Years

September 7, 2013 by David Vincent
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Carbon Social Costs

In 2010, 12 government agencies working in conjunction with economists, lawyers, and scientists agreed to work out what they considered a coherent standard for establishing the social cost of carbon. This “social cost of carbon” is an important concept in environmental polic[read more]