Valuing Climate Damages
Updating Estimation of the Social Cost of Carbon Dioxide
by National Academies of Sciences, Engineering, and Medicine, Division of Behavioral and Social Sciences and Education, Board on Environmental Change and Society, Committee on Assessing Approaches to Updating the Social Cost of Carbon
Description
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.
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Marketing Information
https://www.nap.edu/24651
Copyright Information
Copyright year 2017
National Academies Press
The National Academies Press (NAP) publish the reports of the National Academies of Sciences, Engineering and Medicine. They published more than 200 books a year on a wide range of topics.
View all titlesBibliographic Information
- Publisher National Academies Press
- Publication Date October 2017
- Orginal LanguageEnglish
- ISBN/Identifier 9780309454209 / 0309454204
- Publication Country or regionUnited States
- FormatPaperback
- Primary Price 80 USD
- Pages394
- ReadershipProfessional and scholarly
- Publish StatusPublished
- Copyright Year2017
- Dimensions9 X 6 inches
- Reference Code10.17226/24651
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