The "social cost of carbon" (henceforth "SCC") is one of the major points of controversy on energy policy, amidst the major changes taking place in Washington. A recent Pro Publica article by Andrew Revkin wondered aloud whether the new Trump Administration would respect the Obama Administration's use and estimated magnitude of the SCC. The controversy is particularly relevant to us here at IER, because our own work has been cited in the debate. In this article, I'll clarify what IER's position on the SCC has been all along--we'll see that the Pro Publica piece was a bit inaccurate. Let me also state clearly that the present post reiterates IER's position and is not tied to what officials in the Trump Administration may believe.
