Social Cost of Carbon
RFF researchers are leading a team of distinguished economists and scientists to improve the science behind estimates of the social cost of carbon—the means by which the US federal government, state governments, and foreign governments account for climate change in their actions—through a process that ensures the highest levels of scientific quality and transparency and builds the scientific foundation for future estimates.
Comprehensive Evidence Implies a Higher Social Cost of CO₂
A multi-year study of the social cost of carbon, a critical input for climate policy analysis, finds that every additional ton of carbon dioxide emitted into the atmosphere costs society $185—far higher than the current federal estimate of $51 per ton.
Social Cost of Carbon Explorer
Explore how our open-source GIVE model produces updated estimates of the Social Cost of Carbon.
The Social Cost of Carbon: Reaching a New Estimate
Resources for the Future scholars lay out their new calculation of the social cost of carbon—an estimate of the economic damages that result from an incremental ton of carbon dioxide emitted into the atmosphere—which can help assess the benefits and costs of US policy actions.
Kevin Rennert is a fellow at RFF. He also serves as director of the Federal Climate Policy Initiative.
Richard G. Newell
President and CEO, Resources for the Future
Dr. Richard G. Newell is the President and CEO of Resources for the Future. From 2009 to 2011, he served as the administrator of the US Energy Information Administration, the agency responsible for official US government energy statistics and analysis.
Maureen L. Cropper
Maureen Cropper is a a senior fellow at RFF, professor of economics at the University of Maryland, a member of the Board of Directors at the National Bureau of Economic Research, and a member of the National Academy of Sciences.
Brian C. Prest
Fellow; Director, Social Cost of Carbon Initiative
Brian Prest is an economist and fellow at Resources for the Future specializing in climate change, oil and gas, and energy economics.
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