The social cost of carbon dioxide emissions may not be $37 per ton, as estimated by a recent U.S. government study, but $220 per ton.
Based on the findings, countries may want to increase their efforts to curb greenhouse gas emissions, said study co-author Delavane Diaz, a PhD candidate in the Department of Management Science and Engineering at Stanford's School of Engineering. "If the social cost of carbon is higher, many more mitigation measures will pass a cost-benefit analysis," Diaz said. "Because carbon emissions are so harmful to society, even costly means of reducing emissions would be worthwhile."
Tuesday, February 9, 2016
