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The Social Cost Of Carbon And Its Impact On Enviro Law

Law360, New York (January 30, 2018, 1:52 PM EST) -- There is an important but little-known[1] number underlying many environmental regulations: the social cost of carbon (SCC). The SCC, which is measured in dollars per metric ton of carbon dioxide (CO2), is defined as “the monetized net effects (damages and benefits) associated with an incremental increase in carbon emissions in a given year.”[2] Though the number is not widely discussed, the SCC is a crucial metric in many environmental regulations directly related to climate change, and, as such, the SCC has a major impact on how...
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