Valuing Climate Damages
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Valuing Climate Damages

Updating Estimation of the Social Cost of Carbon Dioxide

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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View Profile:    Barbara Murphy
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Bibliographic Information
Publish State
Published
Language
English
Readership
Professional and scholarly
Publisher / Imprint
National Academies Press
Publication Country / Place
United States / Washington, D.C.
Title Identifier (ISBN/ISSN)
9780309454209 / 0309454204
Format
Paperback
Copyright Year
2017
Copyright Information
Copyright year 2017
Published Date
January 2017
Primary Price
80 USD
Pages
394
Dimensions
9 X 6 inches
Reference Code
10.17226/24651