WebApr 4, 2024 · On the basis of a commitment to cost-benefit analysis, defining U.S. regulatory policy for more than 30 years, we propose a novel reform that has three main features: 1) the regulation of expected fuel consumption/GHG emissions directly without consideration of the type or size of the vehicle; 2) use of existing data to assign lifetime … WebMichael Greenstone is a professor at the Massachusetts Institute of Technology. They all worked at the Council of Economic Advisers in 2009 and/or 2010 and actively participated ... social cost of carbon (SCC).1 It is intended to include (but is not limited to) changes in net
Fuel Economy 2.0 by Michael Greenstone, Cass R. Sunstein, Sam …
WebApr 15, 2024 · calculating the costs of climate change, the social cost of carbon allows for the calculation of the . monetary benefits of regulations that reduce greenhouse gases. … WebDownloadable! This paper outlines a two-step process to return the United States government’s Social Cost of Carbon (SCC) to the frontier of economics and climate science. The first step is to implement the original 2009-2010 Inter-agency Working Group (IWG) framework using a discount rate of 2%. This can be done immediately and will … order from b and m online
New approach to estimating an evidence-based social cost of carbon ...
WebJan 21, 2024 · It is almost certain that the Biden team will revert to the government’s pre-Trump way of calculating the social cost of carbon. Michael Greenstone, an economics professor at the University of Chicago, said reverting to the Obama-era calculations would yield a social cost of carbon of $125 per ton, assuming it took into account lower … WebDec 16, 2024 · KELLY: The price of carbon recently hit 90 euros a ton in Europe. It could hit 100 euros by the end of the year. Greenstone says those rising prices incentivize … WebMichael Greenstone, Elizabeth Kopits & Ann Wolverton. Share. Twitter LinkedIn Email. Working Paper ... damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used in benefit-cost analyses to assess potential federal regulations. For ... order from amazon without signing in