August 2022 - Social Cost of Carbon: Seven Takeaways about the Most Important Climate Policy Metric You’ve Never Heard Of
/With state and federal governments beginning to adopt more climate-focused policies, one tool is helping decision-makers better understand the economic implications of climate change impacts: the Social Cost of Carbon (SCC). The Biden Administration took a major step in increasing the SCC to account for the long-term harm caused by GHG emissions, some climate economists believe the value of $51 per ton is still too low. This article explains what SCC is (and is not), and discusses how states and federal agencies are starting to use it in their decision-making.
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