The New Social Cost of Carbon

Maximilian Auffhammer

from ARE Update Vol. 22, No. 2, Nov/Dec, 2018

View Full Article PDF: The New Social Cost of Carbon

Abstract

The Social Cost of Carbon is a dollar figure, which measures the damage caused from one more ton of the greenhouse gas CO2 emitted. The federal government uses this number in benefit cost analysis to evaluate new regulations. The current administration has dropped this number from $42 to a range of $1–$7. This has significant consequences for environmental policy.

Citation

Maximilian Auffhammer. "The New Social Cost of Carbon." ARE Update 22(2)(2018):1-3. University of California Giannini Foundation of Agricultural Economics.
https://giannini.ucop.edu/publications/are-update/issues/2018/22/2/the-new-social-cost-of-carbon/