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Environmental Economics Forum | Why We Need a Social Cost of Carbon - Maureen Cropper, University of Maryland

Date and Time: 
May 3, 2018 - 3:30pm to 5:00pm
Y2E2 Building, Room 299
Contact Email:
Event Sponsor: 
Stanford Woods Institute for the Environment and Department of Economics

One approach to climate policy is to specify a maximum allowable increase in mean global temperature and then determine a path of carbon emissions that will satisfy that target.  This approach, adopted by the High-Level Commission on Carbon Prices, suggests that carbon should be priced to achieve a temperature-based emissions target.  In the United States emphasis has been put on estimating the Social Cost of Carbon—the damages associated with emitting an additional ton of carbon dioxide.  Dr. Cropper’s talk will focus on why we should calculate a Social Cost of Carbon (SCC), on the role it should play in climate policy, and on recent progress in estimating the SCC.