Social Cost of Carbon

How are the benefits of new climate policies weighed against the costs of their implementation? Climate economists and scientists have created a value called the social cost of carbon in order to better understand the cost/benefit relationship of climate policies and regulations. Find out how the social cost of carbon is calculated, how it should, perhaps, be calculated, and why the effort to quantify this value is necessary despite its imperfections with the help of two climate experts, Dr. Tamma Carleton of UC Santa Barbara and Dr. Bob Kopp of Rutgers University.