In Trump Era, States Take Lead On Social Cost Of Carbon

By Seth Belzley and Stephen Humes, Holland & Knight LLP (May 8, 2017, 5:16 PM EDT) -- For an obscure, even arcane concept, the "social cost of carbon" has been getting a lot of press lately. And for good reason.

The U.S. Environmental Protection Agency describes the social cost of carbon, or SC-CO2 for short, as "a measure, in dollars, of the long-term damage done by a ton of carbon dioxide emissions in a given year."[1] The measure is intended to capture all of the costs caused by climate change and tie those costs back to the effect that a single ton of CO2 emissions has on that process.

Setting the SC-CO2 is intended to allow decision-makers to...

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