New study more than triples estimated costs of climate change damages
Yale Climate Connections reports: A peer-reviewed analysis by two dozen experts more than triples – from $51 per ton of carbon dioxide to $185 per ton – the federal government’s estimate of the “social cost of carbon” (SCC). The climate science, economics, and statistics experts’ paper in the prestigious journal Nature updates the best estimate of how much each ton of carbon dioxide costs society as a result of climate change damages. Their conservative best estimate is 3.6 times higher…