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 …


The 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 …