For decades, economists have pondered the ‘social cost of carbon’ - the price worth paying to avoid the future costs of greenhouse emissions. But a new analysis suggests this quest is impossibly complex.
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EPA Administrator Scott Pruitt has proposed steps that would reduce economic benefits to society from new regulations. An economist who worked for Presidents Clinton and Obama calls this a strategy to justify deregulation.
To weigh the economic impact of climate change policies, we need to estimate the social cost of carbon. An economist explains how it’s done and why the Trump administration shouldn’t end the practice.
Environmental economists have long argued a carbon price is the best way to factor in the social cost of climate change. Did Obama effectively use a carbon price to nix the Keystone XL pipeline?
Climate change is as much an economic problem as an environmental one. The effects of climate change, such as damage from more severe weather or health problems from higher temperatures, will impose a…
