Social cost of carbon

Using a revised version of a climate-economy model, a study estimates that the social cost of carbon (SCC), or the economic cost of adding an additional ton of carbon dioxide emissions or its equivalent to the atmosphere, is $31 per ton of carbon dioxide in 2010 US dollars for the year 2015 and is projected to rise by 3% per year until 2050 under current climate policy, findings with potential implications for regulations that use SCC in economic analyses.

Article #16-09244: “Revisiting the social cost of carbon,” by William Nordhaus.