Assessment of approaches to updating the social cost of carbon : phase 1 report on a near-term update / Committee on Assessing Approaches to Updating the Social Cost of Carbon, Board on Environmental Change and Society, Division of Behavioral and Social Sciences and Education.

Format:

Book

Author/Creator:

Committee on Assessing Approaches to Updating the Social Cost of Carbon, issuing body.

Contributor:

Board on Environmental Change and Society, issuing body.

Division of Behavioral and Social Sciences and Education, issuing body.

Language:

English

Subjects (All):

Carbon monoxide--Economic aspects.

Carbon monoxide.

Carbon monoxide--Social aspects.

Physical Description:

1 online resource (73 p.)

Place of Publication:

Washington, D.C. : National Academies Press, [2016]

Summary:

"The social cost of carbon (SCC) for a given year is an estimate, in dollars, of the present discounted value of the damage caused by a 1-metric ton increase in CO2 emissions into the atmosphere in that year; or equivalently, the benefits of reducing CO2 emissions by the same amount in that given year. The SCC is intended to provide a comprehensive measure of the monetized value of the net damages from global climate change from an additional unit of CO2, including, but not limited to, changes in net agricultural productivity, energy use, human health effects, and property damages from increased flood risk. Federal agencies use the SCC to value the CO2 emissions impacts of various policies including emission and fuel economy standards for vehicles, regulations of industrial air pollutants from industrial manufacturing, emission standards for power plants and solid waste incineration, and appliance energy efficiency standards. There are significant challenges to estimating a dollar value that reflects all the physical, human, ecological, and economic impacts of climate change. Recognizing that the models and scientific data underlying the SCC estimates evolve and improve over time, the federal government made a commitment to provide regular updates to the estimates. To assist with future revisions of the SCC, the Interagency Working Group on the Social Cost of Carbon (IWG) requested the National Academies of Sciences, Engineering, and Medicine complete a study that assessed the merits and challenges of a limited near-term update to the SCC and of a comprehensive update of the SCC to ensure that the estimates reflect the best available science. This interim report focuses on near-term updates to the SCC estimates"-- Publisher's description.

Contents:

Introduction

Modeling the climate system within the broader SCC modeling structure

Determining temperature changes in response to CO2 emissions

Climate system modeling in the SCC-IAMs and the role of ECS

Discussions, conclusions, and recommendations

References

Appendix A: Biographical sketches of committee members and staff

Appendix B: Open meeting agenda.

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed May 5, 2016).

ISBN:

9780309391481

0309391482

9780309391467

0309391466