In the NewsEarth.orgJune 24, 2022
Social Cost of Carbon: The Figure We Need to Know
Michael Greenstone, Director of Energy Policy Institute at the University of Chicago, the Chief Economist of the Council of Economic Advisers under the Obama administration, and co-director of the Climate Impact Lab, described the social cost of carbon as “the most important figure you’ve never heard of”. But why? How does it help differently from other environment statistical indicators for promoting conservation efforts?