Bloomberg, carbon, Energy, SCC, White House

Why the “Social Cost of Carbon” Matters

By Institute for Energy Research —— Bio and Archives--June 13, 2013

Global Warming-Energy-Environment | Comments | Back To Full Article

In a previous post, we discussed the recently announced increase in the White House estimate of the “social cost of carbon” (SCC). The SCC refers to the present-value of projected future net damages from emitting an additional unit (a ton, say) of carbon into the atmosphere. As we explained, the estimate of the SCC has increased drastically in just three years. Now a Bloomberg article on the revised figures underscores just how politically significant the change is; this isn’t merely a technical bookkeeping operation.

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