Your search for social cost of carbon received 337 results.
- Option Value and the Social Cost of Carbon – …change. And yet, the social cost of carbon (SCC), the preeminent policy tool to address climate change applied by the U.S. government, does not include the option value (OV) that arises due to these characteristics. We demonstrate a simple methodology for approximating the OV underlying the SCC using the Bachelier…
- Comments to Rhode Island on Carbon Pricing Study – …understand what a state carbon pricing scheme would look like and how it would interact with the state’s participation in the Regional Greenhouse Gas Initiative and the Transportation and Climate Initiative. We submitted comments that support the exploration of implementing a multisectoral carbon price and recommend that the state study…
- Comments to Oregon PUC on the Social Cost of Carbon – Oregon Governor Kate Brown signed an executive order directing state agencies, including the Public Utilities Commission (PUC), to reduce greenhouse gas emissions. We submitted comments encouraging the PUC to use Social Cost of Carbon metrics to monetize the benefits of avoided greenhouse gas emissions.
- Amicus Brief in Rio Grande LNG Case – …FERC’s failure to monetize the project’s climate damages using Social Cost of Carbon estimates is arbitrary.
- Wisdom of the Experts – The social cost of carbon (SCC) and the climate-economic models underlying this prominent US climate policy instrument are heavily affected by modeler opinion and therefore may not reflect the views of most climate economists. To test whether differences exist, we recalibrate key uncertain model parameters using formal expert elicitation: a…
- GAO Finds Trump Administration Devalued Carbon Costs to Roll Back Regulations – Richard Revesz, director of the Institute for Policy Integrity and professor of law and dean emeritus at NYU School of Law, suggested the GAO's findings provide "yet another example of how the administration is ignoring science and economics in its policy decisions."
- Trump Administration Lowered Cost of Climate Change, GAO Finds – …administration’s estimate of the social cost of climate change is seven times lower than the amount used during the Obama administration, according to a Tuesday report by the Government Accountability Office. Richard Revesz, Lawrence King professor of law and dean emeritus at NYU School of Law and director of the…
- The U.S. Government’s Price on Carbon Doesn’t Value the Future Much – As of 2017, the Trump administration’s new discount rate for SCC is between 3% to 7%—up from 2.5% to 5% during the Obama administration. When setting funding priorities and regulatory policy for government agencies, the Office of Management and Budget has been instructed to use the maximum rate of 7%.…
- Court’s Ruling Against Trump Elevates Debate on Climate Metric – …metric to study the social costs of greenhouse gases, said Jason A. Schwartz, legal director for New York University’s Institute for Policy Integrity. The group filed an amicus brief supporting challenges to the Trump administration’s methane rollback. “No administration can change what the best science or the best economics is…
- Federal Court Rules Against Flawed, Domestic-Only Consideration of Climate Costs – …Trump Administration to have reduced the estimate of the social cost of methane from $1300 per ton down to just $176 per ton by excluding from consideration any climate effect occurring outside U.S. borders. Policy Integrity has worked for years to build the case against the so-called “domestic-only” estimate of…