Estimated social cost of climate change not accurate, Stanford scientists say

January 12, 2015 6:33 PM

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Estimated social cost of climate change not accurate, Stanford scientists say

The economic damage caused by a ton of carbon dioxide emissions – often referred to as the "social cost" of carbon – could actually be six times higher than the value that the United States now uses to guide current energy regulations, and possibly future mitigation policies, Stanford scientists say.

A recent U.S. government study concluded, based on the results of three widely used economic impact models, that an additional ton of carbon dioxide emitted in 2015 would cause $37 worth of economic damages. These damages are expected to take various forms, including decreased agricultural yields, h...

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