Valuing climate damages : updating estimation of the social cost of carbon dioxide / 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:

National Academies of Sciences, Engineering, and Medicine (U.S.). Committee on Assessing Approaches to Updating the Social Cost of Carbon, author.

Contributor:

National Academies of Sciences, Engineering, and Medicine (U.S.). Board on Environmental Change and Society.

National Academies of Sciences, Engineering, and Medicine (U.S.)

Language:

English

Subjects (All):

Climatic changes--Mathematical models.

Climatic changes.

Greenhouse gases--Mathematical models.

Greenhouse gases.

Atmospheric carbon dioxide--Mathematical models.

Atmospheric carbon dioxide.

Physical Description:

1 online resource (281 pages) : illustrations

Place of Publication:

Washington, District of Columbia : The National Academies Press, 2017.

Summary:

"The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science"--Publisher's description.

Contents:

Framework for estimating the social cost of carbon

Socioeconomic module

Climate module

Damages module

Discounting module

Long-term research needs

References

Appendix A. Biographical sketches of Committee members and staff

Appendix B. Presentations to the Committee

Appendix C. Elicitation of expert opinion

Appendix D. Global growth data and projections

Appendix E. Comparison of a simple earth system model to existing SC-IAMs

Appendix F. Empirical equation for estimating ocean acidification

Appendix G. Damage model-specific improvement opportunities.

Notes:

"A report of the National Academies of Sciences, Engineering, Medicine."

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed July 3, 2017).

ISBN:

9780309454209

9780309454230

0309454239

9780309454216

0309454212