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
In the NewsE&E NewsJanuary 14, 2021
Biden should boost social cost of carbon — research
Two economists from the Climate Impact Lab — Tamma Carleton of the University of California, Santa Barbara, and Michael Greenstone of the University of Chicago — say that the Biden administration should more than double the SCC figure used during the Obama presidency. The higher figure would justify more costly carbon controls under President-elect Joe Biden than were put forward under President Obama.
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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.Read