What Is the Social Cost of Carbon?
KEY TAKEAWAYS
The social cost of carbon (SCC) estimates the future damages from an additional ton of CO emissions.
The number is crucial for environmental policymaking and was just updated by the new US administration.
The estimation of the SCC is sensitive to its inputs, and debate continues in the academic community about its appropriate value.
According to legal scholar and Harvard University professor Cass Sunstein, the social cost of carbon (SCC) is “the most important number you’ve never heard of.”1 The SCC is a dollar figure that estimates the present value of potential future damages caused by an additional ton of CO emissions.
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What Is the Social Cost of Carbon?
Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail info@diversifiedassetmanagement.com.
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