Read the full story in The Hill.
The social cost of carbon is significantly higher than the federal estimate, according to a study published Thursday in the journal Nature.
Researchers put the financial toll associated with projected future carbon emissions at $185 per ton of carbon pollution added to the atmosphere, more than three times the federal government’s figure of $51.
They arrived at the conclusion in part by using a lower discount rate, or the cost-benefit analysis of reducing emissions now versus the future impacts of inaction. Lower discount rates result in higher estimates for the price of inaction.
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