Calculating behaviour: The EPA is rewriting the most important number in climate economics

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The EPA is rewriting the most important number in climate economics

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Calculating behaviour

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CLIMATE economists refer to it as “the most important number you’ve never heard of”. The social cost of carbon (SCC) tries to capture the cost of an additional ton of carbon-dioxide pollution in a single number—around $47 in present dollars. Using it, more than $1trn worth of benefits have been calculated in economic-impact assessments that accompany environmental regulations. But now that the Environmental Protection Agency (EPA) is headed by …
Source: economist
Calculating behaviour: The EPA is rewriting the most important number in climate economics