'Social cost' of carbon emissions significantly underestimated

January 13, 2015 7:40 PM

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"If the social cost of carbon is higher, many more mitigation measures will pass a cost-benefit analysis," said Delavane Diaz.

The idea is gaining steam in Washington, D.C. The only problem is that new research suggests the price that the federal government currently puts on a ton of CO2 -- the so-called "social cost" or carbon -- may be way too low.

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