Wednesday, June 5, 2013

The US Government Has Revised Upwards Its Social Cost of Carbon Estimates

The long overdue document can be viewed here. The government's revised estimates of the Social Cost of Carbon (SCC), based on peer-reviewed literature, are substantially higher than its initial estimates, published in 2010. Here are the new numbers:



Taking the 3.0% discount rate average as central, the new estimates are more than 50% higher than the 2010 estimates below:



This is not unexpected, but reflects several critiques of the 2010 estimates, as well as newly published research on the SCC.

Hat tip: ThinkProgress

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