Climate Change Could Cost Society 6 Times More Than We Expected

January 12, 2015 10:06 PM

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New research suggests the "social cost" of carbon could be up to six times higher than the value the U.S. uses to guide its energy regulations.

A recent U.S. government study concluded an additional ton of carbon dioxide emitted in 2015 would cause $37 worth of economic damages based on three popular economic impact models, Stanford University reported. This new research suggests the estimate is a significant understatement.

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