News

New Study Incorporates Social Cost of Carbon

Designntrend.com quoted faculty fellow Billy Pizer on the need for a credible, regularly updated social cost of carbon estimate: "To ensure that value exists, it's important that we draw on the expertise of all government agencies, as well as independent experts in the field. This level of high-quality collaboration and peer review would decrease the likelihood of political factors interfering with the process, and ensure we have the most robust social cost of carbon."

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U.S. Agriculture, Forestry Sectors Could Make Substantial Cuts in Greenhouse Gases--Report

Brian Murray, director for economic analysis at the Nicholas Institute, told ClimateWire that, globally, the total amount of methane and nitrous oxide released by agriculture could be reduced by requiring a greater number of nations to mitigate their emissions. Murray noted that deforestation emissions are driven by clearing land for agricultural use. "It's hard to solve deforestation without solving agriculture," he said.

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Duke Unveils Guidebook for Integrating Ecosystem Services into Federal Resource Management

A new online guidebook to provide federal resource managers with a consistent approach to account for ecosystem services' benefits was unveiled this week at the ACES (A Community on Ecosystem Services) conference in Arlington, Virginia, reports Duke University Federal Relations' DC Digest. The guidebook is spearheaded by the National Ecosystem Services Partnership, an initiative of Duke University's Nicholas Institute for Environmental Policy Solutions, and was presented at several ACES sessions by Lydia Olander, Ecosystem Services Program director at the Nicholas Institute. 

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Former Obama Advisers Seek to Open and Globalize the Measures for the Social Costs of Carbon

ClimateWire reports that several former advisers to the Obama administration, including Nicholas Institute faculty fellow William Pizer, are recommending that the government change the way it establishes the social cost of carbon (SCC). The article references a Science article of which Pizer was lead author. Pizer and his coauthors recommend that the process of determining the SCC should undergo a public comment period and a review by the National Academy of Sciences.

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News Tip: U.S. Urged to Regularly Measure Social Cost of Carbon

FOR IMMEDIATE RELEASE: December 4, 2014

Decision-makers are meeting through Dec. 12 at the 2014 U.N. Climate Change Conference in Lima, Peru, to develop an agreement aimed at curbing greenhouse gas emissions. Researchers at the Nicholas Institiute for Environmental Policy Solutions at Duke University and other institutions are urging the United States to regularly evaluate the social cost of carbon, an estimate of the per-metric-ton dollar value of reducing climate change damages.

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Using and Improving the Social Cost of Carbon

In an article in Science, faculty fellow William Pizer and Environmental Economics Program director Brian Murray, along with other researchers, argue that the United States should adopt a standardized process to regularly evaluate the social cost of carbon (SCC), an estimate of the per-metric-ton dollar value of reducing climate change damages—a metric used in regulatory analysis. They say that a regularly monitored process for gauging the SCC is critical not only for domestic policy making but also for international climate negotiations.

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Maintaining a Reliable Value of the Cost of Climate Change

Science Daily reports that a group of economists, including faculty fellow Billy Pizer, urge the U.S. government to make several improvements to its Social Cost of Carbon figure, thereby ensuring that the figure is reliable and well-supported by the latest facts.

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Economists Urge Regular Updates and Reviews of Cost of Climate Impacts Estimate

In a University of Chicago News article, faculty fellow William Pizer commented on the need for a consistently used and rigorously maintained estimate of climate damages. “It’s important that we draw on the expertise of all government agencies, as well as independent experts in the field,” Pizer said. “This level of high-quality collaboration and peer review would decrease the likelihood of political factors interfering with the process, and ensure we have the most robust Social Cost of Carbon.” Pizer was lead author of a Science magazine article on the subject.

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Guidebook Focuses on Ecosystem Service Approach to Decision-Making

A new online resource, the Federal Resource Management and Ecosystem Services Guidebook, helps resource managers account for the benefits nature provides, such as the coastal protection offered by oyster beds or carbon sequestered in soils that help to stabilize climate.

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Accord sur le climat : et si Etats-Unis et Chine ne parlaient pas la même langue ?

Interview of William Pizer: Le 12 novembre, lors d’une rencontre à Pékin, la Chine a déclaré avoir l’intention d’atteindre son pic d’émissions de gaz à effet de serre en 2030 avant d’entamer la descente. Les Etats-Unis, de leur côté, promettent de réduire leurs émissions de 26% à 28% par rapport à 2005 et ce, à l’horizon 2025.

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