All the climate actions Biden took on Day 1

Michael Greenstone, an environmental economist with the Climate Impact Lab, released a paper last week with the Lab's Tamma Carleton of the University of California, Santa Barbara, proposing updates to the Obama administration's formula, including ways to incorporate environmental justice.

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Updating the United States Government’s Social Cost of Carbon

Carleton, Tamma and Greenstone, Michael, Updating the United States Government’s Social Cost of Carbon (January 14, 2021). University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-04, Available at SSRN: https://ssrn.com/abstract=3764255

This paper outlines a two-step process to return the United States government’s Social Cost of Carbon (SCC) to the frontier of economics and climate science.

Published January 14, 2021

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