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Archive for December 4, 2014

Finding the real cost of climate change


climate change

How much does global warming really cost the world? Determining the Social Cost of Carbon helps put a actual dollar value on the climate damages per ton of CO2 released, and is used by — among others — policymakers to help determine the costs and benefits of climate policies. Remember, even on a global scale, the bottom line will always be profit. But now a group of economists and lawyers urge several improvements to the government’s Social Cost of Carbon figure that would impose a regular, transparent and peer-reviewed process to ensure the figure is reliable and well-supported by the latest facts.