Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and interpretation
The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used in...
| Main Authors: | , , |
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| Format: | Working Paper |
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2012
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| Online Access: | http://hdl.handle.net/1721.1/71554 |
| _version_ | 1826206858275192832 |
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| author | Greenstone, Michael Kopits, Elizabeth Wolverton, Ann |
| author_facet | Greenstone, Michael Kopits, Elizabeth Wolverton, Ann |
| author_sort | Greenstone, Michael |
| collection | MIT |
| description | The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used in benefit-cost analyses to assess potential federal regulations. For 2010, the central value of the SCC is $21 per ton of CO2 emissions and sensitivity analyses are to be conducted at $5, $35, and $65 (2007$). This paper summarizes the methodology and process used to develop the SCC values, complemented with our own commentary about how the SCC can be used to inform regulatory decisions and areas where further research would be particularly useful. |
| first_indexed | 2024-09-23T13:39:40Z |
| format | Working Paper |
| id | mit-1721.1/71554 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T13:39:40Z |
| publishDate | 2012 |
| record_format | dspace |
| spelling | mit-1721.1/715542019-04-10T15:57:55Z Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and interpretation Greenstone, Michael Kopits, Elizabeth Wolverton, Ann climate change social cost of carbon integrated assessment modeling valuation of environmental quality U.S. climate policy The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used in benefit-cost analyses to assess potential federal regulations. For 2010, the central value of the SCC is $21 per ton of CO2 emissions and sensitivity analyses are to be conducted at $5, $35, and $65 (2007$). This paper summarizes the methodology and process used to develop the SCC values, complemented with our own commentary about how the SCC can be used to inform regulatory decisions and areas where further research would be particularly useful. 2012-07-08T23:09:48Z 2012-07-08T23:09:48Z 2012-07-08 Working Paper http://hdl.handle.net/1721.1/71554 Working paper, Massachusetts Institute of Technology, Dept. of Economics;11-04 An error occurred on the license name. An error occurred getting the license - uri. application/pdf |
| spellingShingle | climate change social cost of carbon integrated assessment modeling valuation of environmental quality U.S. climate policy Greenstone, Michael Kopits, Elizabeth Wolverton, Ann Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and interpretation |
| title | Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and interpretation |
| title_full | Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and interpretation |
| title_fullStr | Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and interpretation |
| title_full_unstemmed | Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and interpretation |
| title_short | Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and interpretation |
| title_sort | estimating the social cost of carbon for use in u s federal rulemakings a summary and interpretation |
| topic | climate change social cost of carbon integrated assessment modeling valuation of environmental quality U.S. climate policy |
| url | http://hdl.handle.net/1721.1/71554 |
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