Knowledge Tree
social cost of carbon
Also known as: social costs of carbon, SCC
Facts (13)
Sources
Designing Carbon Pricing Policies Across the Globe link.springer.com 4 facts
claimMoore et al. (2024) and Pindyck (2019) have investigated expert views on the social cost of carbon.
referencePindyck (2019) revisited the concept and calculation of the social cost of carbon.
referenceMoore et al. (2024) conducted an expert survey by contacting 176 authors of studies included in a meta-analysis on the social cost of carbon, achieving a 39% response rate with the majority of respondents choosing to respond non-anonymously.
referenceMoore et al. (2024) synthesized evidence to demonstrate that structural model variation and uncertainties contribute to a high social cost of carbon.
How governments address climate change through carbon pricing ... nature.com Apr 15, 2025 3 facts
referenceRobert S. Pindyck revisited the social cost of carbon in the Journal of Environmental Economics and Management.
referenceRobert S. Pindyck's article 'The social cost of carbon revisited' re-evaluates the economic concept and calculation of the social cost of carbon.
referenceRicke et al.'s article 'Country-level social cost of carbon' provides specific estimates for the social cost of carbon calculated at the individual country level.
The Energy Department "Red Team" Critique of Greenhouse-Gas ... revkin.substack.com Jul 31, 2025 2 facts
claimThe Energy Department 'Red Team' report critiques Social Cost of Carbon (SCC) estimates for their sensitivity to underlying assumptions and advocates for a more nuanced approach to economic assessments.
claimDayaratna et al. (2017, 2020) find that the social costs of carbon include a mix of social costs and social benefits, depending on the discount rate used, the assumed distribution of climate sensitivity, and assumptions regarding the strength of CO2 fertilization.
The Power of Change: Innovation for Development and Deployment ... nationalacademies.org 1 fact
claimRenewable Portfolio Standards (RPSs) lower the cost of selected clean energy technologies but do not incorporate the social costs of carbon and other environmental externalities into the price of polluting resources, which potentially distorts price signals for market participants (Borenstein, 2012; Nordhaus, 2013).
DOE reframes climate consensus as a debate - E&E News eenews.net Jul 31, 2025 1 fact
quoteBurgess stated: “There’s way more uncertainty in the social cost of carbon and in climate economic damages than sometimes the mainstream narrative gives it credit for.”
Measurement of diets that are healthy, environmentally sustainable ... frontiersin.org 1 fact
claimSpringmann et al. (9) categorized the social cost of carbon under the 'Climate Change' pillar, despite using USD trillion as the unit of analysis.
Renewable Energy's Land Use Reckoning kleinmanenergy.upenn.edu Jun 3, 2025 1 fact
claimForests provide a critical carbon sequestration service, and if this ecosystem service is valued at the social cost of carbon (approximately $150 to $200 per ton), it is more economical to preserve forests and site solar projects in developed spaces.