Accounting for Ecosystem Service Values in Climate Policy
In a comment for Nature Climate Change, RFF Fellow Hannah Druckenmiller reflects on the need to incorporate the ecosystem impacts of climate change into the social cost of carbon.
Ecosystem services are often omitted from climate policy owing to difficulties in estimating the economic value of climate-driven ecosystem changes. However, recent advances in data and methods can help us overcome these challenges and move towards a more comprehensive accounting of climate impacts.
For the open-access article, click on the link above.
Media Highlight — Nov 17, 2022
Bloomberg: "'No Brainer' Methane Rule Touts New EPA Approach to Carbon Costs"
This article, which cites RFF research and Fellow Brian Prest's expertise, discusses the EPA's recently proposed methane rule and the newly estimated social cost of carbon that it uses.
Media Highlight — Nov 16, 2022
Nature: "Smarter Ways with Water"
An article in Nature Magazine about our relationship with water quotes RFF Fellow Hannah Druckenmiller and cites her work on the economic value of wetlands.
Common Resources — Nov 15, 2022
The US Environmental Protection Agency Introduces a New Social Cost of Carbon for Public Comment
The US Environmental Protection Agency has introduced an updated approach to estimating the social cost of carbon that incorporates important scientific and statistical advances.