Sentences with phrase «avoided social cost of carbon»

In addition to the avoided social cost of carbon — at $ 23 per MWh, higher than the ZEC subsidy cap — the CES offers significant economic benefits.

Not exact matches

The legislation benefits were estimated by multiplying the estimated amount of greenhouse gas emissions avoided by the monetary valuation of incremental damage from each ton of greenhouse gas emissions (the «social cost of carbon»).

In contrast, EPA's estimate for the total gains from avoided climate change damages as well as other factors (such as reduced macroeconomic volatility from reduced reliance on oil imports), might yield as little as $ 29 billion in the year 2040, in the scenario where the «social cost of carbon» is relatively low.

Approaching this in a slightly different way, studies indicate that the health co-benefits of reduced air pollution that could be avoided at the same time as reducing greenhouse forcing is about the same as the estimates for the social cost of carbon through greenhouse forcing.

In an email on Wednesday, Robert P. Murphy, a senior economist for the group, said: «We appreciate that agencies are in an awkward position right now, but our view is that the correct decision is to avoid using such a dubious concept as the «social cost of carbon» in its present form.»