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.

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Sept. 2, 2022

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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.

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