feasibility analysis

The Shadow Price of Carbon

Merging Cost-Benefit Analysis and Feasibility Analysis

The U.S. government has devoted a lot of time and effort to estimating the social cost of carbon.  This is basically a standard exercise in cost-benefit analysis, following a familiar three-step process: 1.   Impacts. Figure out the physical impacts of the emissions.  This involves setting up some emissions scenarios and then running computer simulations to …