Estimated Cost of Climate Change Too Low

Stanford University scientists have found that the economic damage caused by a ton of CO2 emissions–often referred to as the “social cost of carbon–could actually be six times higher than the value that the United States uses to guide current energy regulations, and possibly future mitigation policies.

A new study by Frances Moore and Delavane Diaz finds that the ‘social cost’ of one ton of carbon dioxide emissions may not be $37, as previously estimated by a recent U.S. government study, but $220.

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