This measure is known as Social Cost of Carbon
It's the social cost of carbon
. It reflects the global damage of emitting one ton of carbon dioxide into the sky, accounting for its impact in the form of warming temperatures and rising sea levels.
In comparison, the Obama administration calculated, using a questionable methodology, a "social cost of carbon
" of about $50 per ton in 2020 (in 2018 dollars), and the administration's various regulatory proposals (subsumed under the Climate Action Plan) used that calculation for regulatory impact analyses.
Denote the marginal social cost of carbon
as [phi], the marginal
The Social Cost of Carbon
: Valuing Inequality, Risk, and Population for Climate Policy, MARC FLEURBAEY, MADDALENA MARK BUDOLFSON, FRANCIS DENNIG, and KIAN MINTZ-WOO
This increase was due to a combination of population growth and demographic changes, atmospheric changes, and a rising social cost of carbon
"It's a relatively low price signal, well below the real social cost of carbon
. But you get the [carbon] savings from the investment side.
Consistent with the President Donald Trump's Executive Order 13783, for example, EPA updated the social cost of carbon
to reflect prior and best practices.
predetermined formula based on the social cost of carbon
. (101) By
social cost of carbon
will choose to reduce emissions.
The discussion will focus on the key economic and financial issues related to the impact of climate change, including systemic financial stability risks from climate change, regulatory perspectives on green financing with industry perspectives, and measuring the social cost of carbon
. As various topics are going to be discussed at this annual meeting of IMF and World Bank Group, it needs to be seen whether it can provide a roadmap to address the key challenges faced by the global community.