Another Report Questions Feds' Carbon Calculations
The model was developed in 2010, when the OBM estimated the “social cost of carbon”—the value to society of reducing carbon emissions—to be $21 per ton of emissions. The new study argues that a more accurate cost is between 2.6 and 12 times higher, but coauthor Laurie Johnson, Ph.D., economist with the Natural Resources Defense Council, points out that even the study’s high-end estimate of $266 per ton leaves out worst-case scenarios and damages that couldn’t be quantified.
As EBN noted in 2011, the Economists for Equity and Environment network estimated that the social cost of carbon could be as high as $894 per ton (see “,” EBN July 2011). These numbers show that a shift to wind and solar power would be more cost-effective than natural gas or coal, says Johnson.
Weaver, E. (2012, October 26). Another Report Questions Feds' Carbon Calculations. Retrieved from https://www.buildinggreen.com/newsbrief/another-report-questions-feds-carbon-calculations