This new report from the Board on Environmental Change and Society informs future revisions to
the social cost of carbon dioxide (SC - CO2) estimates used in federal regulatory impact analyses.
* At a $ 400B in annual revenue and 10B tons of total waste per year, the average cost of waste cleanup is around $ 40 / ton of waste — incidentally the same figure as
the social cost of carbon dioxide as estimated by the US Federal Government (Social Cost of Carbon = $ 40 / ton CO2 in 2015 at average (3 %) discount rate).
The interagency working group (IWG) in
the social cost of carbon dioxide (SSC) claims the the FUND shows at cost of $ 7.3 / tCO2 in 2010, and increased the value to $ 21.0 / tCO2 in their 2013 report.
Until recently, the federal government used an estimate of
the social cost of carbon dioxide — one way to calculate the damage caused by climate change — of about US$ 40 / ton.
But in Issues, analysts have identified a more fundamental problem —
the social cost of carbon dioxide is the wrong guide to follow — and they proposed an alternative method that better reflects what is known about long - term effects of climate change and how these effects should be valued by today's decision - makers.
10/14/17 — As part of its drive to overturn the Obama - era Clean Power Plan, the Environmental Protection Agency recently released significantly lower estimates of the so - called
social cost of carbon dioxide, a measure widely used to weigh the value of actions aimed at stopping climate change.
Not exact matches
But it comes with significant environmental and
social costs (scoured landscapes,
carbon dioxide, around 4,000 deaths a year in Chinese mines, tens
of thousands
of premature deaths from respiratory ailments linked to sooty pollution).
Mr. Barnes says the only approach that guarantees deep cuts in
carbon dioxide emissions is to sell a steadily declining number
of permits to emit the gas — forcing polluters to pay the full
cost of using the shared atmosphere — and returning the revenue to citizens in a streamlined way, as in the
Social Security system.
The «
social cost of carbon» is a metric developed to try to estimate the impact
of emitting on ton
of carbon dioxide.
Sensitivity
of the climate to
carbon dioxide, and the level
of uncertainty in its value, is a key input into the economic models that drive
cost - benefit analyses, including estimates
of the
social cost of carbon.
Called the
social cost of carbon (SCC), it is an estimate
of the economic value
of the extra (or marginal) impact caused by the emission
of one more tonne
of carbon (in the form
of carbon dioxide) at any point in time; it can, as well, be interpreted as the marginal benefit
of reducing
carbon emissions by one tonne.
produce the world's first empirically - derived estimate
of the
social cost of carbon — the
cost to society from each ton
of carbon dioxide emitted.
In many countries, estimates
of the
social cost of carbon (SCC)- — the economic value
of incremental reductions in
carbon dioxide emissions — inform the design
of energy and climate regulations.
These impacts will also be monetized and aggregated to produce the world's first empirically - derived estimate
of the
social cost of carbon — the
cost to society done by each ton
of carbon dioxide we emit — which will be designed to be fed directly into energy and climate policies around the world.
Social cost of carbon - The value
of the climate change impacts from 1 metric ton (~ 2,205 pounds)
of carbon emitted today as CO2, aggregated over time and discounted back to the present day; sometimes also expressed as value per metric ton
of carbon dioxide.
The «
social cost of carbon» was developed in large part to compare long - term
costs from coastal flooding and other impacts
of emissions
of climate - warming
carbon dioxide with upfront
costs to the economy from curbing the burning
of fossil fuels, the main source
of such emissions.
His growing list
of executive orders and regulatory reviews is rapidly reversing eight years
of Obama «Clean Power Plan,» «
social cost of carbon,» and other regulatory decrees; laying the foundation for reversing the EPA's absurd finding that plant - fertilizing
carbon dioxide «endangers» human health and welfare; and putting the United States in a position to lead the world back from the brink
of Paris pact pandemonium and wealth redistribution.
«Foma» are half - truths that conveniently serve the religion, and the paraphrase above is an apt description
of the Administration's novel approach to determining the «
social cost of carbon» (
dioxide).
The
social cost of carbon is a monetary value measuring the alleged climate change damages from each ton
of emitted
carbon dioxide into the atmosphere.
In fact, under some very reasonable assumptions, the
social cost of carbon can even be negative, suggesting some benefits
of carbon dioxide emissions.
If you heard our
cost of episodes on the need for a price on
carbon, you know that 3.3 dollars is nowhere near the «
social cost of carbon» — or the damages that
carbon dioxide causes once it's in the atmosphere.
In my recent op - ed for The Hill examining the Obama administration's estimation
of the
social cost of carbon (SCC)-- a measure
of how much future damage is purportedly going to be caused by each ton
of carbon dioxide that is emitted through human activities — I identified two major problems with their measure.
The purpose
of the «
social cost of carbon» (SCC) estimates presented here is to allow agencies to incorporate the
social benefits
of reducing
carbon dioxide (CO2) emissions into
cost - benefit analyses
of regulatory actions that impact cumulative global emissions.
The models used by the government to estimate the
social cost of carbon do include the benefits
of carbon dioxide fertilization.
I present a multi-impact economic valuation framework called the
Social Cost of Atmospheric Release (SCAR) that extends the
Social Cost of Carbon (SCC) used previously for
carbon dioxide (CO2) to a broader range
of pollutants and impacts.
This work builds upon the
Social Cost of Carbon (SCC), a widely used methodology for valuation
of the estimated damages associated with an incremental increase in
carbon dioxide (CO2) emissions in a given year.