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🌐 Entity
Social cost of carbon
Monetary damage caused by greenhouse gases
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1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Environmental Policy (1)
- Federal-State Relations (1)
- Legal Challenges (1)
🏷️ Keywords
Climate regulation (1) · Clean Power Plan (1) · Legal challenge (1) · Environmental protection (1) · California (1) · Connecticut (1) · Trump administration (1) · Greenhouse gas emissions (1)
📖 Key Information
The social cost of carbon (SCC) is an estimate, typically expressed in dollars, of the economic damages associated with emitting one additional ton of carbon dioxide into the atmosphere. By translating the effects of climate change into monetary terms, the SCC provides policymakers with a tool to assess the potential impacts of actions that increase or reduce greenhouse gas emissions. It is commonly used in regulatory impact analyses to inform investment decisions, cost-benefit assessments, and climate policy development.
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