The Social Cost of Carbon (SCC) is an estimate, typically expressed in dollars, of the economic damages associated with emitting one additional ton of carbon dioxide into the atmosphere.[1] By translating the effects of climate change into monetary terms, the SCC provides policymakers with a tool to assess the potential impacts of actions that increase or reduce greenhouse gas emissions. It is commonly used in regulatory impact analyses to inform investment decisions, cost-benefit assessments, and climate policy development.[2][3]
- ^ "Social Cost of Carbon 101". Resources for the Future. Retrieved 2 May 2025.
- ^ Johnson, Laurie T.; Hope, Chris (2012). "The social cost of carbon in U.S. regulatory impact analyses: an introduction and critique". Journal of Environmental Studies and Sciences. 2 (3): 205–221. Bibcode:2012JEnSS...2..205J. doi:10.1007/s13412-012-0087-7. ISSN 2190-6483.
- ^ CGEP, Columbia | (27 March 2018). "The Use of Current Social Cost of Carbon Estimates in Taxes and Subsidies". Center on Global Energy Policy at Columbia University SIPA | CGEP. Retrieved 2 May 2025.
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