The social cost of carbon (SCC) is an essential tool for climate decision-making around the world. SCC is essentially a large cost-benefit calculation that helps policymakers compare the benefits of reducing carbon dioxide (CO2) emissions to the society-wide costs of continued use.
The “right” SCC has long been an open debate, with several studies attempting to estimate it using a range of methods. In fact, there are more than 323 studies that provide varying SCC estimates in one form or another.
