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 NewsThe Washington PostJanuary 14, 2021
A pair of economists push Biden to set a higher cost on carbon
A new working paper from Climate Impact Lab economists, published in the Social Science Research Network, suggests the Biden administration should place a far higher price on the cost of climate impacts than the government did under Barack Obama, a move that could have sweeping implications for regulations affecting nearly every facet of society.
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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