Axios: "1 Big Thing: The High Cost of Carbon Emissions"
A new report co-led by RFF scholars revealing an updated social cost of carbon metric is the opening segment in Axios' daily energy newsletter.
Federal regulators are way, way undercounting future economic harms from each added ton of carbon emissions, a major peer-reviewed analysis finds, Ben writes.
Driving the news: The study in Nature provides new estimates of the "social cost of carbon" (SCC), a metric used by agencies and scientists.
- It accounts for damages from rising seas and floods, heat-related health effects, farm output changes, and other effects of global warming.
- The Nature paper has a mean estimate of $ 185 per ton. The Biden administration's current value is $51, but that's a placeholder pending ongoing review.
- It finds that "temperature mortality impacts are the largest driver" of the total cost estimate.
Read the whole segment by clicking the link in the header.
