Valuing Climate Damages: Updating Estimation of the Social Cost of Carbon Dioxide (Paperback) (ISBN-13: 9780309454209)

The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems.

Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.

Author: National Academies of Sciences Engineeri,Division of Behavioral and Social Scienc,Board on Environmental Change and Societ
ISBN-10: 0309454204
ISBN-13: 9780309454209
Publisher: National Academies Press
Language: English
Published: 06/23/2017
Pages: 280
Format: Paperback
Weight: 1.00lbs
Size: 9.00h x 6.00w x 0.70d