Carbon Pollution Costs More Than U.S. Government Estimates

Faculty fellow William Pizer questioned the methodology of a Stanford analysis that put the social cost of carbon at $220 per ton. He pointed out that the analysis relied on the impact on national economies of short-term temperature spikes rather than on long-term trends that might reveal permanent economic reductions. “I just think this is another data point that someone needs to weigh as they're trying to figure out what the right social cost of carbon is. But this isn't like a definitive new answer.”

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