Social Cost of Carbon

5/30/2022; 8 minutes

Climate economists have created a value called the "social cost of carbon" in order to better understand the cost/benefit relationship of climate policies and regulations. The social cost of carbon is the cost to society from damages caused by a ton of CO2 emissions. This value is difficult to quantify, with factors such as future societal wealth and global climate damages (such as species extinction) that are impossible to know. (#38046)

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