About
The social cost of carbon (SCC) is currently used in a variety of regulatory impact analyses throughout the U.S. government (USG) to value the climate change impacts of various regulations. In 2013, the U.S. government released an update to its previous, 2010 estimate. This estimate, based on updates to the models used by the government in its 2010 analysis, raised the estimates by 40 percent and provoked a variety of questions and challenges mainly related to the process of establishing the SCC.
This one-day workshop will examine the various questions the government faces when making use of the scientific literature on the SCC in order to create and maintain an estimate for regulatory purposes. The purpose is to examine whether a consensus exists among the workshop participants on recommendations for improving the SCC process in the future.
The workshop co-sponsored by the Nicholas Institute for Environmental Policy Solutions and the Center for Law, Economics, and Public Policy.