social cost of carbon
The Cost of Carbon Revisited
In 2010, an inter-agency task force provided a series of estimates of the “social cost of carbon” to guide government cost-benefit analyses. The estimates vary with the discount rate and the date. For instance, using a 5% discount rate, it would be worth spending hardly anything — only $4.70 — to eliminate a ton of CO2 …
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CONTINUE READINGThe Case for Carbon Austerity
Many people are worried that a high national debt imposes a burden on future generations, though not all economists agree. But carbon emissions are also a burden on later generations — the CO2 will stay in the atmosphere many decades to come, causing damaging climate change. If we’re worried about burdens on later generations, is …
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