Friday, June 7, 2013

The Social Cost Of Carbon Has Gone Up In The US

The social cost of carbon due to global warming has been raised by the government.  It was set a $22 per ton for 2013 but it was raised to $36 per ton.  The higher social cost is the result of higher estimates of the damages to the environment from global warming.  Rising sea levels and damages to agriculture are responsible for a large portion of new cost estimates.  The EPA will use the new cost figures in its regulation of the environment. 

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